Valeura Energy (TSE:VLE) Issues Earnings Results

Valeura Energy (TSE:VLE) released its quarterly earnings data on Wednesday. The company reported C$0.34 EPS for the quarter, FiscalAI reports. The firm had revenue of C$286.34 million for the quarter. Valeura Energy had a net margin of 9.89% and a return on equity of 11.82%.

Valeura Energy Stock Up 2.2%

VLE stock opened at C$14.59 on Friday. The company has a market cap of C$1.55 billion, a PE ratio of 25.16 and a beta of -1.32. The company has a quick ratio of 3.37, a current ratio of 2.78 and a debt-to-equity ratio of 11.22. Valeura Energy has a 52 week low of C$6.43 and a 52 week high of C$17.62. The business has a 50-day simple moving average of C$15.53 and a 200 day simple moving average of C$12.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLE. Roth Capital upgraded Valeura Energy to a “strong-buy” rating in a report on Tuesday, September 22nd. ATB Cormark Capital Markets lifted their target price on Valeura Energy from C$18.50 to C$19.50 and gave the stock an “outperform” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Valeura Energy has an average rating of “Strong Buy” and an average price target of C$19.50.

Insider Buying and Selling at Valeura Energy

In related news, Director Timothy Nicholas Chapman sold 40,000 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of C$16.55, for a total transaction of C$662,000.00. Following the sale, the director owned 14,149 shares in the company, valued at approximately C$234,165.95. This trade represents a 73.87% decrease in their position. Company insiders own 18.32% of the company’s stock.

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.