Valeura Energy (TSE:VLE) Sets New 52-Week High – Time to Buy?

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high during trading on Tuesday. The company traded as high as C$16.65 and last traded at C$16.60, with a volume of 40,978 shares trading hands. The stock had previously closed at C$16.50.

Analysts Set New Price Targets

A number of brokerages have recently commented on VLE. ATB Cormark Capital Markets upped their target price on shares of Valeura Energy from C$18.50 to C$19.50 and gave the company an “outperform” rating in a report on Thursday, September 17th. Roth Capital upgraded shares of Valeura Energy to a “strong-buy” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$19.50.

Valeura Energy Stock Up 0.4%

The firm has a 50 day simple moving average of C$14.21 and a two-hundred day simple moving average of C$12.84. The company has a market capitalization of C$1.77 billion, a PE ratio of 28.74 and a beta of -1.41. The company has a current ratio of 2.78, a quick ratio of 3.37 and a debt-to-equity ratio of 11.22.

About Valeura Energy

Valeura Energy Inc is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Türkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.