Research Analysts Set Expectations for Valener Inc’s Q4 2016 Earnings (VNR)
Valener Inc (TSE:VNR) – Equities research analysts at National Bank Financial issued their Q4 2016 earnings estimates for Valener in a research note issued to investors on Wednesday. National Bank Financial analyst P. Kenny expects that the firm will post earnings of ($0.06) per share for the quarter.
VNR has been the subject of a number of other research reports. BMO Capital Markets lowered their price objective on Valener from C$23.00 to C$22.00 and set a “market perform” rating for the company in a research note on Friday, August 12th. TD Securities lifted their target price on Valener from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Finally, Desjardins lifted their target price on Valener from C$22.00 to C$22.50 and gave the stock a “hold” rating in a report on Thursday, August 18th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of C$22.50.
Shares of Valener (TSE:VNR) opened at 21.50 on Monday. The company’s 50-day moving average price is $21.54 and its 200-day moving average price is $21.94. Valener has a one year low of $16.67 and a one year high of $23.27. The stock has a market cap of $830.61 million and a PE ratio of 15.15.
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Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro). The Company’s segments include Energy Distribution; Natural Gas Transportation; Energy Production; Energy Services, Storage and Other, and Corporate Affairs. Its Energy Distribution segment consists of natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont.
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