Valeura Energy (TSE:VLE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Valeura Energy Inc. (TSE:VLE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.92 and traded as high as C$11.02. Valeura Energy shares last traded at C$10.76, with a volume of 328,951 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VLE. Roth Mkm raised shares of Valeura Energy to a “strong-buy” rating in a research note on Friday, December 12th. Cormark upgraded Valeura Energy to a “moderate buy” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Valeura Energy Price Performance

The company’s 50-day simple moving average is C$9.00 and its 200 day simple moving average is C$7.92. The company has a market capitalization of C$1.14 billion, a P/E ratio of 4.72 and a beta of -0.48. The company has a quick ratio of 3.37, a current ratio of 1.91 and a debt-to-equity ratio of 25.27.

Valeura Energy (TSE:VLE) last issued its quarterly earnings data on Friday, November 14th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$221.45 million during the quarter. Valeura Energy had a net margin of 13.30% and a return on equity of 27.14%. As a group, sell-side analysts expect that Valeura Energy Inc. will post 0.4117109 earnings per share 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.