Valeura Energy (TSE:VLE) Shares Up 3.9% – Here’s What Happened

Valeura Energy Inc. (TSE:VLE)’s share price shot up 3.9% during trading on Tuesday . The company traded as high as C$14.56 and last traded at C$14.53. 84,454 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 485,648 shares. The stock had previously closed at C$13.99.

Analyst Ratings Changes

Separately, Roth Mkm raised shares of Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Valeura Energy presently has a consensus rating of “Strong Buy”.

Valeura Energy Stock Down 12.5%

The company has a current ratio of 2.12, a quick ratio of 3.37 and a debt-to-equity ratio of 17.04. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 61.48 and a beta of -1.15. The firm’s 50 day simple moving average is C$12.38 and its 200-day simple moving average is C$9.21.

Valeura Energy (TSE:VLE) last announced its quarterly earnings data on Wednesday, March 18th. The company reported C($0.16) earnings per share (EPS) for the quarter. The firm had revenue of C$212.90 million during the quarter. Valeura Energy had a net margin of 3.59% and a return on equity of 3.40%. On average, sell-side analysts anticipate that Valeura Energy Inc. will post 0.4117109 EPS for the current fiscal 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.