Valeura Energy Inc. (TSE:VLE – Get Free Report) reached a new 52-week high during trading on Wednesday. The stock traded as high as C$15.74 and last traded at C$15.61, with a volume of 29858 shares traded. The stock had previously closed at C$15.30.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on VLE. ATB Cormark Capital Markets increased their target price on shares of Valeura Energy from C$18.50 to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Roth Capital raised shares of Valeura Energy to a “strong-buy” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$19.50.
Read Our Latest Analysis on VLE
Valeura Energy Stock Up 1.4%
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.
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