Valeura Energy Inc. (TSE:VLE – Get Free Report) shares were down 8.7% during mid-day trading on Thursday . The company traded as low as C$4.10 and last traded at C$4.31. Approximately 550,931 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 406,194 shares. The stock had previously closed at C$4.72.
Analyst Upgrades and Downgrades
Several research firms have commented on VLE. Canaccord Genuity Group set a C$9.50 target price on Valeura Energy and gave the company a “buy” rating in a research report on Monday, May 13th. Cormark raised their price objective on shares of Valeura Energy from C$11.50 to C$12.00 in a report on Tuesday, April 16th.
Read Our Latest Stock Report on VLE
Valeura Energy Trading Up 0.9 %
Valeura Energy (TSE:VLE – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. Valeura Energy had a return on equity of 10.97% and a net margin of 5.19%. The firm had revenue of C$201.42 million for the quarter, compared to analyst estimates of C$234.19 million. As a group, equities research analysts anticipate that Valeura Energy Inc. will post 0.5466667 EPS for the current year.
Insider Buying and Selling at Valeura Energy
In other news, insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of C$4.21, for a total value of C$2,107,100.00. In other Valeura Energy news, insider Thoresen Thai Agencies Public Company Limited sold 500,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of C$4.21, for a total transaction of C$2,107,100.00. Also, Director William Sean Guest sold 1,000,000 shares of Valeura Energy stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. In the last 90 days, insiders sold 1,864,571 shares of company stock valued at $9,456,336. 18.62% of the stock is currently owned by company insiders.
About Valeura Energy
Valeura Energy Inc, together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey. The company was founded in 2010 and is headquartered in Singapore.
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