Key Points
- Director Timothy Nicholas Chapman sold 40,000 Valeura Energy shares at an average price of C$16.55, generating C$662,000. His remaining ownership fell 73.87% to 14,149 shares.
- Valeura shares opened at C$17.08 and are near their 12-month high of C$17.62, with a market capitalization of approximately C$1.81 billion.
- Analysts remain positive, with the stock holding an average “Buy” rating and a consensus price target of C$19.50; ATB Cormark raised its target and Roth Capital upgraded the stock to “strong buy.”
Valeura Energy Inc. (TSE:VLE - Get Free Report) Director Timothy Nicholas Chapman sold 40,000 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of C$16.55, for a total transaction of C$662,000.00. Following the completion of the transaction, the director owned 14,149 shares in the company, valued at C$234,165.95. This represents a 73.87% decrease in their ownership of the stock.
Valeura Energy Stock Up 1.2%
VLE stock opened at C$17.08 on Thursday. The company has a current ratio of 2.78, a quick ratio of 3.37 and a debt-to-equity ratio of 11.22. Valeura Energy Inc. has a twelve month low of C$6.13 and a twelve month high of C$17.62. The company's 50 day moving average is C$15.12 and its two-hundred day moving average is C$12.63. The stock has a market cap of C$1.81 billion, a P/E ratio of 29.45 and a beta of -1.41.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. 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 report on Thursday, September 17th. Roth Capital upgraded Valeura Energy to a "strong-buy" rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Valeura Energy presently has an average rating of "Buy" and an average price target of C$19.50.
Get Our Latest Stock Report on Valeura Energy
About Valeura Energy
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Valeura Energy Inc is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Türkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.
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