VAALCO Energy (LON:EGY) Reaches New 52-Week Low – Should You Sell?

VAALCO Energy, Inc. (LON:EGY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 250.60 and last traded at GBX 250.60, with a volume of 269 shares. The stock had previously closed at GBX 265.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their target price on VAALCO Energy from GBX 530 to GBX 550 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 540.

VAALCO Energy Trading Down 5.4%

The company’s 50-day moving average is GBX 282.96 and its 200-day moving average is GBX 283.81. 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 market cap of £261.27 million, a price-to-earnings ratio of 9.28 and a beta of 1.17.

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.