Royal Bank of Canada Lowers Valeura Energy (TSE:VLE) Price Target to C$3.50

Valeura Energy (TSE:VLE) had its price target reduced by research analysts at Royal Bank of Canada from C$8.00 to C$3.50 in a research report issued on Monday, BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 280.43% from the company’s previous close.

Shares of Valeura Energy stock opened at C$0.92 on Monday. The company has a market cap of $144.60 million and a price-to-earnings ratio of -9.29. The company’s 50 day moving average is C$2.58 and its 200 day moving average is C$2.48. Valeura Energy has a twelve month low of C$0.90 and a twelve month high of C$4.48. The company has a quick ratio of 7.56, a current ratio of 7.81 and a debt-to-equity ratio of 0.12.

Valeura Energy (TSE:VLE) last issued its quarterly earnings data on Monday, August 12th. The company reported C($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of C($0.02). The company had revenue of C$3.27 million for the quarter. Sell-side analysts expect that Valeura Energy will post -0.07 EPS for the current fiscal year.

About Valeura Energy

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.

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