Valeura Energy (TSE:VLE) Stock Price Up 7.7%

Valeura Energy Inc. (TSE:VLE)’s stock price traded up 7.7% during mid-day trading on Friday . The stock traded as high as C$5.33 and last traded at C$5.30. 139,580 shares were traded during mid-day trading, a decline of 68% from the average session volume of 430,979 shares. The stock had previously closed at C$4.92.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cormark raised their price target on Valeura Energy from C$11.50 to C$12.00 in a report on Tuesday, April 16th. Canaccord Genuity Group set a C$9.50 price target on shares of Valeura Energy and gave the stock a “buy” rating in a report on Monday, May 13th.

Valeura Energy Stock Up 7.5 %

The company has a current ratio of 1.46, a quick ratio of 3.37 and a debt-to-equity ratio of 21.98. The stock’s 50-day moving average price is C$5.20 and its 200-day moving average price is C$4.02. The company has a market cap of C$548.36 million, a P/E ratio of 57.89 and a beta of 0.88.

Valeura Energy (TSE:VLE) last announced its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter. Valeura Energy had a return on equity of 10.97% and a net margin of 5.19%. The firm had revenue of C$231.34 million during the quarter. As a group, research analysts forecast that Valeura Energy Inc. will post 0.5466667 EPS for the current year.

Insiders Place Their Bets

In other news, Director William Sean Guest sold 1,000,000 shares of the company’s stock in a transaction that occurred 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 related news, Director James D. Mcfarland sold 95,000 shares of the company’s stock in a transaction that occurred 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 on Tuesday, April 16th. The shares were sold at an average price of C$5.52, for a total value of C$5,520,000.00. Insiders have sold a total of 1,264,571 shares of company stock valued at $6,808,886 in the last 90 days. 18.62% of the stock is currently owned by corporate insiders.

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.