Valeura Energy (TSE:VLE) Reaches New 1-Year High – Still a Buy?

Shares of Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during trading on Thursday . The company traded as high as C$15.74 and last traded at C$15.39, with a volume of 311133 shares traded. The stock had previously closed at C$15.04.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their target price on shares of 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 analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$19.50.

Valeura Energy Trading Up 1.6%

The business’s 50 day simple moving average is C$13.15 and its 200-day simple moving average is C$12.66. The company has a debt-to-equity ratio of 11.22, a current ratio of 2.78 and a quick ratio of 3.37. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 26.34 and a beta of -2.07.

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.