Valeura Energy Inc. (TSE:VLE) hit a new 52-week low during trading on Tuesday after Royal Bank of Canada lowered their price target on the stock from C$8.00 to C$3.50. The stock traded as low as C$0.92 and last traded at C$0.96, with a volume of 1003909 shares trading hands. The stock had previously closed at C$0.95.
The company has a debt-to-equity ratio of 0.12, a quick ratio of 7.56 and a current ratio of 7.81. The firm’s 50 day simple moving average is C$2.61 and its 200 day simple moving average is C$2.49. The firm has a market capitalization of $144.60 million and a price-to-earnings ratio of -9.49.
Valeura Energy (TSE:VLE) last posted its earnings results on Monday, August 12th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.02). The firm had revenue of C$3.27 million during the quarter. As a group, sell-side analysts forecast that Valeura Energy Inc. will post -0.07 earnings per share for the current year.
Valeura Energy Inc engages in the exploration, development, and production of petroleum and natural gas properties in Turkey. The company has interests in various oil and gas properties primarily located in the Thrace Basin located in northwest Turkey. As of December 31, 2017, it had interests in 91 gross producing wells.
Further Reading: Intrinsic Value
Receive News & Ratings for Valeura Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valeura Energy and related companies with MarketBeat.com's FREE daily email newsletter.