Brokers Set Expectations for Valener Inc’s Q1 2018 Earnings (VNR)

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

Several other equities analysts also recently weighed in on the company. National Bank Financial raised their price objective on Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Monday, November 27th. BMO Capital Markets reissued a “market perform” rating and set a C$23.50 price target on shares of Valener in a research report on Monday, November 27th.

Valener (TSE:VNR) opened at C$21.50 on Tuesday. Valener has a one year low of C$20.41 and a one year high of C$23.28. The firm has a market capitalization of $837.35, a P/E ratio of 12.65 and a beta of 0.02.

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

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Sunday, December 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 5.40%. The ex-dividend date was Thursday, December 28th. Valener’s payout ratio is 66.47%.

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About Valener

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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