Valeura Energy (TSE:VLE) Trading Down 5.8% - Time to Sell?

Key Points

• Shares of Valeura Energy were down 5.8% in mid-day trading to C$14.03 (session low C$13.81) on volume of ~132,202 shares, about 69% below the stock's average daily volume.
• Analyst sentiment is positive after Roth Mkm upgraded the stock to a "Strong Buy" on Dec. 12, and MarketBeat shows a consensus rating of Strong Buy (one Strong Buy, one Buy).
• Valuation and balance-sheet highlights: market cap C$1.48B, P/E 6.15, 50-day/200-day SMAs of C$10.99/C$8.59, with strong liquidity (current ratio 2.12, quick ratio 3.37) but a high debt-to-equity ratio (17.04).

Valeura Energy Inc. (TSE:VLE - Get Free Report)'s stock price was down 5.8% during mid-day trading on Monday . The stock traded as low as C$13.81 and last traded at C$14.03. Approximately 132,202 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 431,875 shares. The stock had previously closed at C$14.89.

Wall Street Analyst Weigh In

Separately, Roth Mkm raised shares of Valeura Energy to a "strong-buy" rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Valeura Energy has a consensus rating of "Strong Buy".

Valeura Energy Stock Down 5.8%

The company's 50-day simple moving average is C$10.99 and its two-hundred day simple moving average is C$8.59. The firm has a market capitalization of C$1.48 billion, a P/E ratio of 6.15 and a beta of -0.87. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.12 and a quick ratio of 3.37.

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.

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