Valeura Energy (TSE:VLE) Trading 10.4% Higher – Should You Buy?

Valeura Energy Inc. (TSE:VLE) shares traded up 10.4% on Friday . The stock traded as high as C$7.23 and last traded at C$7.22. 297,014 shares traded hands during trading, a decline of 11% from the average session volume of 333,231 shares. The stock had previously closed at C$6.54.

Analysts Set New Price Targets

Separately, Cormark upgraded Valeura Energy to a “moderate buy” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Valeura Energy Stock Up 8.7%

The firm has a market capitalization of C$755.27 million, a PE ratio of 3.37 and a beta of -3.76. The company has a quick ratio of 3.37, a current ratio of 1.91 and a debt-to-equity ratio of 25.27. The business has a 50-day moving average price of C$6.87 and a 200-day moving average price of C$7.42.

About Valeura Energy

Valeura Energy Inc is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.