Research Analysts Set Expectations for Valener Inc’s FY2017 Earnings (VNR)

Valener Inc (TSE:VNR) – Research analysts at Desjardins raised their FY2017 EPS estimates for shares of Valener in a research note issued to investors on Thursday. Desjardins analyst B. Cabel now anticipates that the company will post earnings per share of $1.34 for the year, up from their prior estimate of $1.30.

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Several other equities research analysts have also weighed in on VNR. TD Securities upped their price objective on Valener from C$21.00 to C$22.00 and gave the company a “hold” rating in a research note on Friday, May 12th. National Bank Financial upped their price objective on Valener from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Monday, May 15th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of C$22.80.

Valener (TSE:VNR) opened at 22.33 on Friday. Valener has a 12-month low of $18.76 and a 12-month high of $23.23. The firm’s 50-day moving average price is $21.97 and its 200-day moving average price is $21.78. The company has a market cap of $866.67 million and a P/E ratio of 17.65.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.29 dividend. This is a positive change from Valener’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, September 28th.

About Valener

Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

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