Valeura Energy (TSE:VLE) Releases Earnings Results

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

Valeura Energy Stock Down 0.1%

Shares of TSE VLE opened at C$14.27 on Thursday. 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 company has a 50-day moving average price of C$15.53 and a 200-day moving average price of C$12.96. The stock has a market capitalization of C$1.51 billion, a P/E ratio of 24.60 and a beta of -1.32. Valeura Energy has a 1 year low of C$6.43 and a 1 year high of C$17.62.

Insiders Place Their Bets

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

Analysts Set New Price Targets

VLE has been the topic of several research reports. Roth Capital upgraded shares of Valeura Energy to a “strong-buy” rating in a report on Tuesday, September 22nd. ATB Cormark Capital Markets raised their target price on shares of Valeura Energy from C$18.50 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. One equities research 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 has an average rating of “Strong Buy” and an average target price of C$19.50.

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.