Valeura Energy (TSE:VLE) Hits New 12-Month High – Time to Buy?

Shares of Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$9.46 and last traded at C$9.14, with a volume of 205942 shares traded. The stock had previously closed at C$9.00.

Analysts Set New Price Targets

VLE has been the topic of a number of research reports. Cormark raised Valeura Energy to a “moderate buy” rating in a report on Tuesday, November 11th. Roth Mkm raised Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Valeura Energy Stock Performance

The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91. The firm has a market capitalization of C$969.42 million, a PE ratio of 4.02 and a beta of -0.22. The firm’s 50 day moving average price is C$7.93 and its 200-day moving average price is C$7.58.

Valeura Energy (TSE:VLE) last released its earnings results on Friday, November 14th. The company reported C$0.14 earnings per share for the quarter. Valeura Energy had a return on equity of 27.14% and a net margin of 13.30%.The business had revenue of C$221.45 million for the quarter. On average, research analysts expect that Valeura Energy Inc. will post 0.4117109 EPS for the current year.

Valeura Energy Company Profile

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.