Valeura Energy (TSE:VLE) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Valeura Energy Inc. (TSE:VLE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.48 and traded as high as C$8.46. Valeura Energy shares last traded at C$8.37, with a volume of 115,758 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on VLE. Roth Capital raised shares of Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. Cormark upgraded shares of Valeura Energy to a “moderate buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Valeura Energy Price Performance

The stock has a market capitalization of C$884.85 million, a P/E ratio of 3.67 and a beta of -3.73. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27. The company has a fifty day simple moving average of C$7.30 and a two-hundred day simple moving average of C$7.48.

Valeura Energy (TSE:VLE) last issued its earnings results on Friday, November 14th. The company reported C$0.14 earnings per share (EPS) for the quarter. Valeura Energy had a net margin of 13.30% and a return on equity of 27.14%. The company had revenue of C$221.45 million for the quarter. Sell-side analysts expect 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.