Valener Inc (TSE:VNR) – Investment analysts at National Bank Financial lifted their FY2019 EPS estimates for shares of Valener in a report released on Sunday, February 10th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.52 for the year, up from their previous estimate of $1.41. National Bank Financial has a “Sector Perform” rating and a $23.00 price objective on the stock. National Bank Financial also issued estimates for Valener’s FY2020 earnings at $1.48 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Valener from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Monday, November 26th. BMO Capital Markets boosted their target price on shares of Valener from C$21.00 to C$22.00 in a research report on Monday.
Shares of Valener stock opened at C$21.96 on Tuesday. The stock has a market capitalization of $851.38 million and a PE ratio of 14.09. Valener has a 52-week low of C$18.10 and a 52-week high of C$22.05. The company has a debt-to-equity ratio of 10.44, a current ratio of 1.19 and a quick ratio of 1.19.
Valener (TSE:VNR) last released its quarterly earnings data on Friday, November 23rd. The company reported C($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.11) by C$0.10. The company had revenue of C($1.30) million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 29th. This represents a $1.20 annualized dividend and a yield of 5.46%. Valener’s dividend payout ratio is 74.41%.
Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.
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