Valeura Energy (TSE:VLE) Trading 2.1% Higher

Valeura Energy Inc. (TSE:VLE)’s stock price was up 2.1% during trading on Friday . The stock traded as high as C$4.47 and last traded at C$4.36. Approximately 4,800 shares changed hands during trading, a decline of 99% from the average daily volume of 400,553 shares. The stock had previously closed at C$4.27.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Canaccord Genuity Group set a C$9.50 target price on Valeura Energy and gave the stock a “buy” rating in a report on Monday, May 13th. Cormark boosted their target price on Valeura Energy from C$11.50 to C$12.00 in a report on Tuesday, April 16th.

Valeura Energy Trading Up 3.0 %

The firm has a market capitalization of C$456.10 million, a price-to-earnings ratio of 47.44 and a beta of 0.88. The company has a fifty day moving average price of C$4.74 and a two-hundred day moving average price of C$4.56. The company has a current ratio of 1.46, a quick ratio of 3.37 and a debt-to-equity ratio of 21.98.

Valeura Energy (TSE:VLE) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. Valeura Energy had a return on equity of 10.97% and a net margin of 5.19%. The firm had revenue of C$201.42 million for the quarter, compared to analysts’ expectations of C$234.19 million. As a group, research analysts forecast that Valeura Energy Inc. will post 0.5466667 earnings per share for the current fiscal year.

Insider Activity at Valeura Energy

In related news, insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$4.21, for a total value of C$2,107,100.00. In other Valeura Energy news, Director James D. Mcfarland sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$5.40, for a total value of C$540,350.00. Also, insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of C$4.21, for a total value of C$2,107,100.00. Over the last three months, insiders have sold 769,571 shares of company stock worth $3,469,886. Insiders own 18.62% of the company’s stock.

Valeura Energy Company Profile

Valeura Energy Inc, together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey. The company was founded in 2010 and is headquartered in Singapore.