Valeura Energy (TSE:VLE) Hits New 12-Month High – Here’s What Happened

Shares of Valeura Energy Inc. (TSE:VLE) reached a new 52-week high 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 traded. The stock had previously closed at C$16.50.

Analyst Ratings Changes

VLE has been the subject of several research analyst reports. Roth Capital upgraded Valeura Energy to a “strong-buy” rating in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets boosted 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 research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$19.50.

Valeura Energy Trading Up 0.2%

The company has a current ratio of 2.78, a quick ratio of 3.37 and a debt-to-equity ratio of 11.22. The stock has a 50-day simple moving average of C$14.02 and a two-hundred day simple moving average of C$12.81. The firm has a market capitalization of C$1.76 billion, a P/E ratio of 28.52 and a beta of -1.41.

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.