Valeura Energy Inc. (TSE:VLE – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.85 and traded as high as C$5.69. Valeura Energy shares last traded at C$5.53, with a volume of 171,517 shares.
Analysts Set New Price Targets
Separately, Cormark upped their price objective on Valeura Energy from C$11.50 to C$12.00 in a research report on Tuesday, April 16th.
Valeura Energy Price Performance
Valeura Energy (TSE:VLE – Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter. The company had revenue of C$231.34 million during the quarter. Valeura Energy had a return on equity of 156.29% and a net margin of 56.16%. Sell-side analysts forecast that Valeura Energy Inc. will post 1.38 EPS for the current year.
Insiders Place Their Bets
In other news, Director William Sean Guest sold 1,000,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. In other news, Director James D. Mcfarland sold 95,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$4.91, for a total value of C$466,450.00. Also, Director William Sean Guest sold 1,000,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$5.52, for a total value of C$5,520,000.00. 18.91% of the stock is currently owned by company insiders.
Valeura Energy Company Profile
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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