Valeura Energy (TSE:VLE) Price Target Raised to C$19.50

Valeura Energy (TSE:VLE) had its price objective increased by ATB Cormark Capital Markets from C$18.50 to C$19.50 in a research report sent to investors on Thursday morning,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Valeura Energy Stock Performance

Shares of VLE opened at C$15.72 on Thursday. The company has a quick ratio of 3.37, a current ratio of 2.78 and a debt-to-equity ratio of 11.22. The stock has a market cap of C$1.67 billion, a P/E ratio of 27.10 and a beta of -2.07. The business’s 50 day moving average price is C$12.93 and its 200-day moving average price is C$12.57. Valeura Energy has a 52 week low of C$6.07 and a 52 week high of C$15.73.

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.