Valener (TSE:VNR) had its price objective hoisted by research analysts at National Bank Financial from C$22.00 to C$23.00 in a research note issued to investors on Monday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 4.55% from the stock’s previous close. National Bank Financial also issued estimates for Valener’s Q1 2019 earnings at $0.58 EPS.
Several other analysts also recently commented on the company. Royal Bank of Canada reduced their target price on Valener from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Monday, November 26th. BMO Capital Markets raised their target price on Valener from C$21.00 to C$22.00 in a research note on Monday.
Shares of VNR traded up C$0.27 during trading hours on Monday, hitting C$22.00. The stock had a trading volume of 67,132 shares, compared to its average volume of 57,333. The company has a debt-to-equity ratio of 10.44, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $851.38 million and a PE ratio of 14.11. Valener has a 1-year low of C$18.10 and a 1-year high of C$22.01.
Valener (TSE:VNR) last issued its earnings results on Friday, November 23rd. The company reported C($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.11) by C$0.10. The firm had revenue of C($1.30) million during the quarter. Analysts expect that Valener will post 1.41999999085136 EPS for the current fiscal year.
Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.
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