Desjardins Comments on Valener Inc’s Q1 2018 Earnings (VNR)

Valener Inc (TSE:VNR) – Equities research analysts at Desjardins issued their Q1 2018 earnings per share estimates for Valener in a report released on Monday. Desjardins analyst B. Cabel expects that the company will post earnings of $0.49 per share for the quarter. Desjardins also issued estimates for Valener’s FY2019 earnings at $1.35 EPS.

Several other brokerages also recently issued reports on VNR. National Bank Financial upped their price objective on Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Monday, November 27th. BMO Capital Markets restated a “market perform” rating and issued a C$23.50 price objective on shares of Valener in a research report on Monday, November 27th.

Shares of Valener (TSE:VNR) traded down C$0.11 during trading hours on Tuesday, hitting C$21.33. The stock had a trading volume of 13,314 shares, compared to its average volume of 40,299. Valener has a twelve month low of C$20.46 and a twelve month high of C$23.28. The stock has a market capitalization of $835.40, a P/E ratio of 12.47 and a beta of 0.02.

Valener (TSE:VNR) last posted its earnings results on Friday, November 24th. The company reported C($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.05) by C($0.02). The firm had revenue of C($4.39) million for the quarter. Valener had a negative return on equity of 1.66% and a negative net margin of 1,072.14%.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Sunday, December 31st were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.16 annualized dividend and a yield of 5.44%. Valener’s payout ratio is currently 65.70%.

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Valener Company Profile

Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

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