VAALCO Energy (LON:EGY) Given Buy Rating at Canaccord Genuity Group

VAALCO Energy (LON:EGY)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a report issued on Monday,Digital Look reports. They presently have a GBX 700 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 75.00% from the stock’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 611 target price on shares of VAALCO Energy in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 620.33.

VAALCO Energy Price Performance

Shares of EGY opened at GBX 400 on Monday. The business has a 50-day moving average of GBX 408.59 and a 200-day moving average of GBX 409.04. 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 company has a market capitalization of £428.05 million, a price-to-earnings ratio of -2.92 and a beta of 1.17. VAALCO Energy has a 1 year low of GBX 250.60 and a 1 year high of GBX 486.

About VAALCO Energy

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.