Valeura Energy (TSE:VLE) Reaches New 12-Month High – Still a Buy?

Valeura Energy Inc. (TSE:VLE) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$11.03 and last traded at C$11.04, with a volume of 450463 shares. The stock had previously closed at C$10.40.

Wall Street Analyst Weigh In

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

Valeura Energy Price Performance

The firm has a market capitalization of C$1.17 billion, a PE ratio of 4.84 and a beta of -0.48. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.91 and a quick ratio of 3.37. The business’s 50 day moving average is C$8.34 and its two-hundred day moving average is C$7.74.

Valeura Energy (TSE:VLE) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$221.45 million for the quarter. Valeura Energy had a net margin of 13.30% and a return on equity of 27.14%. As a group, research analysts anticipate that Valeura Energy Inc. will post 0.4117109 EPS for the current year.

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.