Valeura Energy (TSE:VLE) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Valeura Energy Inc. (TSE:VLE) passed 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Valeura Energy to a “strong-buy” rating in a research report on Monday, September 23rd.

Valeura Energy Price Performance

The company has a market cap of C$550.69 million, a P/E ratio of 10.51 and a beta of 0.81. 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 firm has a 50 day moving average price of C$4.54 and a two-hundred day moving average price of C$4.80.

Valeura Energy (TSE:VLE) last posted its earnings results on Thursday, August 8th. The company reported C$0.14 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 predict that Valeura Energy Inc. will post 0.4117109 EPS for the current fiscal year.

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.