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

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$15.74 and last traded at C$15.61, with a volume of 29858 shares trading hands. The stock had previously closed at C$15.30.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Roth Capital raised shares of Valeura Energy to a “strong-buy” rating in a research note on Tuesday, September 22nd. ATB Cormark Capital Markets increased their target price on Valeura Energy from C$18.50 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$19.50.

Valeura Energy Price Performance

The stock has a fifty day moving average of C$13.69 and a 200 day moving average of C$12.75. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of 26.76 and a beta of -1.41. 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.