VAALCO Energy (LON:EGY) Trading Up 5.4% – Still a Buy?

VAALCO Energy, Inc. (LON:EGY) shares traded up 5.4% on Tuesday . The company traded as high as GBX 485 and last traded at GBX 485. 5,000 shares traded hands during mid-day trading, an increase of 319% from the average session volume of 1,193 shares. The stock had previously closed at GBX 460.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EGY. Canaccord Genuity Group reissued a “buy” rating and set a GBX 700 target price on shares of VAALCO Energy in a research note on Monday, August 10th. Peel Hunt restated a “buy” rating and issued a GBX 611 price target on shares of VAALCO Energy in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, VAALCO Energy has a consensus rating of “Buy” and an average price target of GBX 620.33.

VAALCO Energy Trading Up 5.4%

The stock has a market cap of £510.18 million, a PE ratio of -4.66 and a beta of 1.17. The business’s fifty day moving average is GBX 417.36 and its 200 day moving average is GBX 421.26. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57.

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.