Valeura Energy (TSE:VLE) Upgraded to Strong-Buy at Cormark

Cormark upgraded shares of Valeura Energy (TSE:VLE) to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports.

Valeura Energy Stock Up 0.7 %

Shares of TSE VLE opened at C$4.39 on Monday. The company has a quick ratio of 3.37, a current ratio of 1.82 and a debt-to-equity ratio of 13.13. The stock has a market capitalization of C$469.42 million, a PE ratio of 8.96 and a beta of 0.86. The firm has a fifty day moving average of C$4.61 and a 200-day moving average of C$4.86. Valeura Energy has a 52-week low of C$2.65 and a 52-week high of C$6.10.

Valeura Energy (TSE:VLE) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.07). The business had revenue of C$202.86 million for the quarter. Valeura Energy had a return on equity of 17.48% and a net margin of 8.50%. On average, analysts anticipate that Valeura Energy will post 0.4137623 EPS for the current year.

Insider Activity

In related news, Senior Officer Yacine Ben-Meriem purchased 7,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$4.46 per share, for a total transaction of C$31,227.00. In other Valeura Energy news, insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$4.21, for a total transaction of C$2,107,100.00. Also, Senior Officer Yacine Ben-Meriem acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of C$4.46 per share, for a total transaction of C$31,227.00. Insiders own 18.32% of the company’s stock.

Valeura Energy Company Profile

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.