VAALCO Energy (LON:EGY – Free Report) had its price target trimmed by Canaccord Genuity Group from GBX 800 to GBX 765 in a report issued on Monday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.
Separately, Peel Hunt reissued a “buy” rating and set a GBX 611 target price on shares of VAALCO Energy in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 688.
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VAALCO Energy Stock Performance
VAALCO Energy stock opened at GBX 405 on Monday. The firm has a 50 day simple moving average of GBX 449.38 and a 200-day simple moving average of GBX 420.92. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market capitalization of £426.03 million, a PE ratio of -3.89 and a beta of 1.17. VAALCO Energy has a 12-month low of GBX 250.60 and a 12-month high of GBX 486.
VAALCO Energy Company Profile
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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