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Valeura Energy (TSE:VLE) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Valeura Energy logo with Energy background

Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.80 and traded as high as C$5.30. Valeura Energy shares last traded at C$5.28, with a volume of 251,113 shares.

Analysts Set New Price Targets

Separately, Cormark raised Valeura Energy to a "strong-buy" rating in a research report on Monday, September 23rd.

View Our Latest Report on VLE

Valeura Energy Price Performance

The company has a debt-to-equity ratio of 13.13, a quick ratio of 3.37 and a current ratio of 1.82. The company's 50 day moving average price is C$4.54 and its 200 day moving average price is C$4.80. The company has a market cap of C$550.69 million, a price-to-earnings ratio of 10.51 and a beta of 0.81.

Valeura Energy (TSE:VLE - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.21 by C($0.07). Valeura Energy had a net margin of 8.50% and a return on equity of 17.48%. The business had revenue of C$202.86 million during the quarter. On average, equities research analysts predict that Valeura Energy Inc. will post 0.4117109 earnings per share for the current fiscal year.

About Valeura Energy

(Get Free Report)

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.

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