Valeura Energy (TSE:VLE) Hits New 1-Year High on Analyst Upgrade

Valeura Energy Inc. (TSE:VLE)’s share price hit a new 52-week high during mid-day trading on Wednesday after Cormark raised their price target on the stock from C$11.50 to C$12.00. The company traded as high as C$6.10 and last traded at C$6.05, with a volume of 225713 shares traded. The stock had previously closed at C$5.74.

Insider Transactions at Valeura Energy

In related news, Director William Sean Guest sold 1,000,000 shares of Valeura Energy stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$5.52, for a total value of C$5,520,000.00. In related news, Director James D. Mcfarland sold 95,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of C$4.91, for a total value of C$466,450.00. Also, Director William Sean Guest sold 1,000,000 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. Insiders own 18.91% of the company’s stock.

Valeura Energy Price Performance

The company has a quick ratio of 3.37, a current ratio of 1.35 and a debt-to-equity ratio of 25.91. The firm has a market capitalization of C$596.04 million, a PE ratio of 2.42 and a beta of 0.82. The stock has a 50-day moving average price of C$4.42 and a 200 day moving average price of C$3.66.

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.