Valeura Energy (TSE:VLE) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Valeura Energy (TSE:VLE) to a moderate buy rating in a research note released on Tuesday,Zacks.com reports.

Valeura Energy Stock Down 0.6%

Shares of Valeura Energy stock traded down C$0.04 during trading on Tuesday, hitting C$6.70. 135,465 shares of the stock traded hands, compared to its average volume of 332,971. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27. The stock’s fifty day simple moving average is C$6.91 and its 200 day simple moving average is C$7.43. The firm has a market cap of C$711.72 million, a P/E ratio of 3.18 and a beta of -3.76. Valeura Energy has a 52-week low of C$5.11 and a 52-week high of C$9.45.

Valeura Energy Company Profile

Valeura Energy Inc is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.