Thoresen Thai Agencies Public Company Limited Sells 500,000 Shares of Valeura Energy Inc. (TSE:VLE) Stock

Valeura Energy Inc. (TSE:VLE) insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of C$4.21, for a total value of C$2,107,100.00.

Valeura Energy Price Performance

Shares of TSE:VLE opened at C$4.30 on Friday. The company has a market cap of C$445.74 million, a P/E ratio of 47.78 and a beta of 0.88. The business has a fifty day simple moving average of C$5.24 and a 200-day simple moving average of C$4.33. Valeura Energy Inc. has a 52 week low of C$1.57 and a 52 week high of C$6.10. The company has a quick ratio of 3.37, a current ratio of 1.46 and a debt-to-equity ratio of 21.98.

Valeura Energy (TSE:VLE) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.19 by C$0.05. The company had revenue of C$201.42 million during the quarter, compared to analysts’ expectations of C$234.19 million. Valeura Energy had a return on equity of 10.97% and a net margin of 5.19%. Equities research analysts forecast that Valeura Energy Inc. will post 0.5466667 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VLE shares. Cormark increased their price objective on shares of Valeura Energy from C$11.50 to C$12.00 in a research note on Tuesday, April 16th. Canaccord Genuity Group set a C$9.50 price target on shares of Valeura Energy and gave the company a “buy” rating in a research report on Monday, May 13th.

About Valeura Energy

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.