Valeura Energy (TSE:VLE) Given New C$19.50 Price Target at ATB Cormark Capital Markets

Valeura Energy (TSE:VLE) had its price target increased by stock analysts at ATB Cormark Capital Markets from C$18.50 to C$19.50 in a report released on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 27.12% from the stock’s previous close.

Valeura Energy Stock Performance

TSE:VLE traded up C$0.27 during trading hours on Thursday, reaching C$15.34. 288,995 shares of the stock were exchanged, compared to its average volume of 494,450. The stock has a market capitalization of C$1.63 billion, a P/E ratio of 26.45 and a beta of -2.07. The firm has a 50 day simple moving average of C$12.74 and a 200-day simple moving average of C$12.52. The company has a quick ratio of 3.37, a current ratio of 2.78 and a debt-to-equity ratio of 11.22. Valeura Energy has a 52 week low of C$6.07 and a 52 week high of C$15.73.

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.