Insider Selling: Valeura Energy (TSE:VLE) Director Sells C$662,000.00 in Stock

Valeura Energy Inc. (TSE:VLE – Get Free Report) Director Timothy Nicholas Chapman sold 40,000 shares of the stock in a transaction dated Monday, October 19th. The stock was sold at an average price of C$16.55, for a total transaction of C$662,000.00. Following the transaction, the director owned 14,149 shares in the company, valued at approximately C$234,165.95. The trade was a 73.87% decrease in their ownership of the stock.

Valeura Energy Price Performance

VLE opened at C$17.33 on Friday. The company’s 50 day simple moving average is C$15.29 and its 200 day simple moving average is C$12.72. The company has a debt-to-equity ratio of 11.22, a quick ratio of 3.37 and a current ratio of 2.78. Valeura Energy Inc. has a 1 year low of C$6.13 and a 1 year high of C$17.62. The stock has a market capitalization of C$1.84 billion, a PE ratio of 29.88 and a beta of -1.41.

Analyst Ratings Changes

VLE has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets increased their price target on shares of Valeura Energy from C$18.50 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Roth Capital raised shares of Valeura Energy to a “strong-buy” rating in a research note on Tuesday, September 22nd. One research 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 stock presently has a consensus rating of “Buy” and an average target price of C$19.50.

View Our Latest Stock Report on Valeura Energy

About Valeura Energy

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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.

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