Valeura Energy (TSE:VLE) Given New C$19.50 Price Target at ATB Cormark Capital Markets

Valeura Energy (TSE:VLE) had its target price upped by analysts at ATB Cormark Capital Markets from C$18.50 to C$19.50 in a report released on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 27.12% from the stock’s current price.

Valeura Energy Stock Performance

VLE stock traded up C$0.27 during trading on Thursday, reaching C$15.34. 288,995 shares of the company’s stock were exchanged, compared to its average volume of 494,450. The company has a quick ratio of 3.37, a current ratio of 2.78 and a debt-to-equity ratio of 11.22. Valeura Energy has a 1-year low of C$6.07 and a 1-year high of C$15.73. The company’s fifty day moving average price is C$12.74 and its 200-day moving average price is C$12.52. The firm has a market cap of C$1.63 billion, a PE ratio of 26.45 and a beta of -2.07.

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.