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Valeura Energy (TSE:VLE) Sets New 12-Month High - Here's Why

Valeura Energy logo with Energy background
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Key Points

  • Valeura Energy hit a new 52-week high, trading as high as C$15.28 (last C$15.27) on Friday with about 284,435 shares traded, up from a prior close of C$14.61.
  • Analyst sentiment has turned positive after Roth MKM upgraded VLE to a Strong Buy (Dec. 12), and MarketBeat reports a consensus rating of Strong Buy (one Strong Buy, one Buy).
  • Fundamentals show a C$1.61B market cap and strong liquidity (quick ratio 3.37, current ratio 2.12) alongside a high PE of 72.81 and rising momentum—50-day/200-day moving averages of C$11.45 and C$8.76 respectively.
  • Five stocks we like better than Valeura Energy.

Valeura Energy Inc. (TSE:VLE - Get Free Report)'s share price reached 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. The stock had previously closed at C$14.61.

Wall Street Analyst Weigh In

Separately, Roth Mkm upgraded Valeura Energy to a "strong-buy" rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Read Our Latest Report on VLE

Valeura Energy Stock Performance

The company has a debt-to-equity ratio of 17.04, a quick ratio of 3.37 and a current ratio of 2.12. The stock has a market cap of C$1.61 billion, a PE ratio of 72.81 and a beta of -0.87. The company's 50-day moving average price is C$11.45 and its two-hundred day moving average price is C$8.76.

Valeura Energy Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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