Valeura Energy (TSE:VLE) Reaches New 52-Week High – What’s Next?

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high on Thursday. The company traded as high as C$15.74 and last traded at C$15.39, with a volume of 311133 shares changing hands. The stock had previously closed at C$15.04.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their price objective on Valeura Energy from C$18.50 to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$19.50.

Valeura Energy Stock Down 2.7%

The stock has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 25.53 and a beta of -2.07. The firm has a 50 day simple moving average of C$13.30 and a 200-day simple moving average of C$12.70. The company has a debt-to-equity ratio of 11.22, a current ratio of 2.78 and a quick ratio of 3.37.

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.