Valeura Energy (TSE:VLE) Shares Down 9.1% – What’s Next?

Valeura Energy Inc. (TSE:VLE)’s stock price was down 9.1% during mid-day trading on Friday . The stock traded as low as C$11.03 and last traded at C$11.60. Approximately 311,983 shares traded hands during trading, a decline of 42% from the average daily volume of 538,900 shares. The stock had previously closed at C$12.76.

Valeura Energy Stock Performance

The company has a market cap of C$1.24 billion, a PE ratio of 55.81 and a beta of -1.15. The company has a quick ratio of 3.37, a current ratio of 2.12 and a debt-to-equity ratio of 17.04. The company has a 50-day moving average of C$12.73 and a 200-day moving average of C$9.49.

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