Valener Inc (TSE:VNR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $25.88. Valener shares last traded at $25.87, with a volume of 8,425 shares traded.

A number of brokerages have recently issued reports on VNR. Desjardins raised Amaya from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Industrial Alliance Securities raised their price target on Valener from C$25.00 to C$26.00 and gave the company a “tender” rating in a report on Thursday, March 28th. National Bank Financial dropped their price target on Yamana Gold from C$5.25 to C$5.00 in a report on Thursday, March 21st. Finally, Royal Bank of Canada raised their price target on Valener from C$22.00 to C$26.00 and gave the company a “sector perform” rating in a report on Thursday, March 28th.

The stock’s fifty day simple moving average is C$25.98. The firm has a market capitalization of $1.02 billion and a PE ratio of 16.86. The company has a debt-to-equity ratio of 10.01, a current ratio of 0.86 and a quick ratio of 0.86.

Valener (TSE:VNR) last released its quarterly earnings results on Friday, May 10th. The company reported C$0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.87 by C($0.01). The company had revenue of C$50.52 million during the quarter. On average, analysts anticipate that Valener Inc will post 1.4800001 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.20 dividend on an annualized basis and a yield of 4.64%. Valener’s dividend payout ratio is 76.87%.

Valener Company Profile (TSE:VNR)

Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.

Recommended Story: Why is Cost of Capital Important?

Receive News & Ratings for Valener Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valener and related companies with MarketBeat.com's FREE daily email newsletter.