FY2018 EPS Estimates for Valener Inc Reduced by National Bank Financial (VNR)

Valener Inc (TSE:VNR) – Stock analysts at National Bank Financial decreased their FY2018 earnings estimates for shares of Valener in a research report issued to clients and investors on Monday. National Bank Financial analyst P. Kenny now anticipates that the company will earn $1.31 per share for the year, down from their previous estimate of $1.60. National Bank Financial currently has a “Underperform” rating and a $22.00 price target on the stock. National Bank Financial also issued estimates for Valener’s FY2019 earnings at $1.45 EPS.

Other analysts also recently issued research reports about the company. BMO Capital Markets lowered their price objective on Valener from C$23.50 to C$23.00 in a research report on Tuesday, February 6th. Royal Bank of Canada lowered their price objective on Valener from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, TD Securities lowered their price objective on Valener from C$23.00 to C$22.00 and set a “hold” rating for the company in a research report on Tuesday.

Shares of Valener (VNR) traded up C$0.01 during mid-day trading on Thursday, reaching C$20.24. The company’s stock had a trading volume of 41,368 shares, compared to its average volume of 53,058. Valener has a 12-month low of C$20.12 and a 12-month high of C$23.28. The company has a market capitalization of $800.35, a P/E ratio of 14.45 and a beta of 0.02.

Valener (TSE:VNR) last announced its quarterly earnings data on Friday, November 24th. The company reported C($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.02). Valener had a negative net margin of 1,072.14% and a negative return on equity of 1.66%. The company had revenue of C($4.39) million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.16 annualized dividend and a dividend yield of 5.73%. Valener’s dividend payout ratio (DPR) is presently 81.43%.

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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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