Valeura Energy (TSE:VLE) Director Timothy Nicholas Chapman Sells 40,000 Shares of Stock

Key Points

• Valeura Energy director Timothy Nicholas Chapman sold 40,000 shares at an average price of C$16.55, generating C$662,000. His remaining ownership fell 73.87% to 14,149 shares.
• Valeura shares traded at C$17.09, near their 52-week high of C$17.62, with a market capitalization of approximately C$1.81 billion.
• Analysts remain positive, with the stock holding a consensus “Buy” rating and an average price target of C$19.50 after recent rating and target increases.

Valeura Energy Inc. (TSE:VLE - Get Free Report) Director Timothy Nicholas Chapman sold 40,000 shares of Valeura Energy stock in a transaction on Monday, October 19th. The shares were sold at an average price of C$16.55, for a total transaction of C$662,000.00. Following the completion of the transaction, the director owned 14,149 shares in the company, valued at approximately C$234,165.95. This represents a 73.87% decrease in their ownership of the stock.

Valeura Energy Stock Performance

Shares of TSE:VLE traded up C$0.22 during midday trading on Wednesday, hitting C$17.09. The stock had a trading volume of 196,173 shares, compared to its average volume of 484,165. Valeura Energy Inc. has a 1 year low of C$6.13 and a 1 year high of C$17.62. The company has a current ratio of 2.78, a quick ratio of 3.37 and a debt-to-equity ratio of 11.22. The stock has a 50 day moving average price of C$15.03 and a two-hundred day moving average price of C$12.59. The company has a market capitalization of C$1.81 billion, a PE ratio of 29.47 and a beta of -1.41.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. ATB Cormark Capital Markets raised their price objective on Valeura Energy from C$18.50 to C$19.50 and gave the company an "outperform" rating in a research note on Thursday, September 17th. Roth Capital raised Valeura Energy to a "strong-buy" rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$19.50.

Valeura Energy Company Profile

Valeura Energy Inc is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Türkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.

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