Valener Inc’s Trend Down, Especially After Today’s Weak Session

 Valener Inc's Trend Down, Especially After Today's Weak Session

The stock of Valener Inc (TSE:VNR) is a huge mover today! About 19,169 shares traded hands. Valener Inc (TSE:VNR) has declined 3.80% since April 26, 2016 and is downtrending. It has underperformed by 9.02% the S&P500.
The move comes after 7 months negative chart setup for the $810.59M company. It was reported on Nov, 30 by Barchart.com. We have $19.75 PT which if reached, will make TSE:VNR worth $48.64 million less.

Valener Inc (TSE:VNR) Ratings Coverage

Out of 4 analysts covering Valener Inc (TSE:VNR), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $24 is the highest target while $18 is the lowest. The $21.90 average target is 4.24% above today’s ($21.01) stock price. Valener Inc has been the topic of 11 analyst reports since October 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Monday, November 30 report. The rating was initiated by BMO Capital Markets with “Market Perform” on Friday, October 23. The firm has “Sector Perform” rating given on Friday, November 25 by RBC Capital Markets. The company was maintained on Monday, August 15 by Desjardins Securities.

Valener Inc. is a Canada-based energy company. The company has a market cap of $810.59 million. The Firm holds interests in Gaz Metro Limited Partnership . It has a 9.68 P/E ratio. The Company’s divisions include Energy Distribution; Natural Gas Transportation; Energy Production; Energy Services, Storage and Other, and Corporate Affairs.

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