Valeura Energy (TSE:VLE) Hits New 1-Year High on Analyst Upgrade

Shares of Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during mid-day trading on Wednesday after Cormark raised their price target on the stock from C$11.50 to C$12.00. The company traded as high as C$6.10 and last traded at C$6.05, with a volume of 225713 shares. The stock had previously closed at C$5.74.

Insiders Place Their Bets

In other Valeura Energy news, Director James D. Mcfarland sold 95,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$4.91, for a total value of C$466,450.00. In other news, Director William Sean Guest sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. Also, Director James D. Mcfarland sold 95,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$4.91, for a total value of C$466,450.00. 18.91% of the stock is currently owned by company insiders.

Valeura Energy Trading Up 5.6 %

The stock has a market cap of C$626.00 million, a PE ratio of 2.55 and a beta of 0.82. The stock has a 50-day moving average price of C$4.37 and a two-hundred day moving average price of C$3.65. The company has a debt-to-equity ratio of 25.91, a current ratio of 1.35 and a quick ratio of 3.37.

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.