Valeura Energy (TSE:VLE) Sets New 1-Year High – Time to Buy?

Valeura Energy Inc. (TSE:VLE)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$15.28 and last traded at C$15.27, with a volume of 284435 shares changing hands. The stock had previously closed at C$14.61.

Analyst Ratings Changes

Separately, Roth Mkm raised shares of Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Valeura Energy presently has a consensus rating of “Strong Buy”.

Valeura Energy Stock Up 4.1%

The firm has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 72.43 and a beta of -0.87. The company has a current ratio of 2.12, a quick ratio of 3.37 and a debt-to-equity ratio of 17.04. The firm has a fifty day moving average price of C$11.58 and a 200 day moving average price of C$8.83.

Valeura Energy Company Profile

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.