VAALCO Energy (LON:EGY) Stock Price Down 2.8% – What’s Next?

VAALCO Energy, Inc. (LON:EGY)’s share price dropped 2.8% during trading on Thursday . The company traded as low as GBX 350 and last traded at GBX 350. Approximately 1,185 shares traded hands during mid-day trading, an increase of 41% from the average daily volume of 841 shares. The stock had previously closed at GBX 360.

Wall Street Analyst Weigh In

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

VAALCO Energy Stock Down 2.8%

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 £364.90 million, a price-to-earnings ratio of 12.96 and a beta of 1.17. The firm’s fifty day moving average is GBX 321.77 and its 200-day moving average is GBX 300.37.

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.