VAALCO Energy (LON:EGY) Stock Price Up 2.5% – Here’s What Happened

VAALCO Energy, Inc. (LON:EGYGet Free Report)’s stock price was up 2.5% during trading on Monday . The stock traded as high as GBX 415 and last traded at GBX 415. 118 shares traded hands during trading, a decline of 90% from the average daily volume of 1,193 shares. The stock had previously closed at GBX 405.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EGY shares. Canaccord Genuity Group raised their price target on shares of VAALCO Energy from GBX 665 to GBX 680 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Peel Hunt reissued a “buy” rating and set a GBX 611 price objective on shares of VAALCO Energy in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, VAALCO Energy has a consensus rating of “Buy” and a consensus target price of GBX 613.67.

Check Out Our Latest Analysis on VAALCO Energy

VAALCO Energy Trading Up 2.5%

The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The firm has a 50 day simple moving average of GBX 409.36 and a two-hundred day simple moving average of GBX 407.12. The firm has a market capitalization of £444.10 million, a P/E ratio of -3.03 and a beta of 1.17.

VAALCO Energy Company Profile

(Get Free Report)

VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

The Company is an established operator within the region, holding a 31.1% working interest in the Etame Marin block, located offshore Gabon, which to date has produced over 110 MMBBL of crude oil and of which the Company holds operational control.

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