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 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.

Insiders Place Their Bets

In other news, Director William Sean Guest sold 1,000,000 shares of Valeura Energy stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. In other news, Director James D. Mcfarland sold 95,000 shares of Valeura Energy stock in a transaction on Tuesday, April 2nd. The stock was 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 business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. Company insiders own 18.91% of the company’s stock.

Valeura Energy Stock Performance

The company has a debt-to-equity ratio of 25.91, a current ratio of 1.35 and a quick ratio of 3.37. The company has a 50 day simple moving average of C$4.37 and a 200-day simple moving average of C$3.65. The stock has a market cap of C$626.00 million, a P/E ratio of 2.55 and a beta of 0.82.

About Valeura Energy

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.