VAALCO Energy’s (EGY) Buy Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of VAALCO Energy (LON:EGY) in a research note released on Wednesday, Marketbeat.com reports. They currently have a GBX 611 price objective on the stock.

Separately, Canaccord Genuity Group boosted their price objective on VAALCO Energy from GBX 665 to GBX 680 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 613.67.

VAALCO Energy Stock Performance

EGY opened at GBX 400 on Wednesday. VAALCO Energy has a 1-year low of GBX 250.60 and a 1-year high of GBX 486. The company has a market cap of £428.05 million, a price-to-earnings ratio of -2.92 and a beta of 1.17. The company’s fifty day moving average price is GBX 408.59 and its two-hundred day moving average price is GBX 408.55. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57.

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.