Valener (VNR) PT Lowered to C$22.00 at BMO Capital Markets

Valener (TSE:VNR) had its price target decreased by investment analysts at BMO Capital Markets from C$23.00 to C$22.00 in a report issued on Friday. BMO Capital Markets’ price target suggests a potential upside of 9.89% from the company’s previous close.

Several other research firms also recently weighed in on VNR. National Bank Financial raised Valener from an “underperform” rating to a “sector perform” rating and set a C$22.00 price objective for the company in a report on Monday, May 14th. Royal Bank of Canada decreased their price objective on Valener from C$23.00 to C$22.00 and set a “sector perform” rating for the company in a report on Friday, May 11th.

Valener stock traded down C$0.30 during mid-day trading on Friday, hitting C$20.02. The company had a trading volume of 135,836 shares, compared to its average volume of 48,627. Valener has a 1 year low of C$19.73 and a 1 year high of C$23.28.

Valener (TSE:VNR) last announced its quarterly earnings results on Thursday, May 10th. The company reported C$0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.88 by C($0.01). The company had revenue of C$46.91 million during the quarter. Valener had a net margin of 5,432.83% and a return on equity of 6.99%.

About Valener

Valener Inc, through its subsidiaries, engages in the transportation, distribution, supply, and storage of natural gas in Canada and the United States. It operates a gas pipeline in Québec; and 2 gas pipelines that cross the Ontario border, as well as has distribution network in northwest Québec. The company is also involved in the generation, transportation, distribution, purchase, and sale of electricity primarily in Vermont, New Hampshire, and New York, as well as the provision of electric network construction services.

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