VAALCO Energy (LON:EGY) Shares Climb 4.4% – Still a Buy?

VAALCO Energy, Inc. (LON:EGY) shares traded up 4.4% during trading on Wednesday. The stock traded as high as GBX 470 and last traded at GBX 470. Approximately 19 shares were traded during trading, a decline of 98% from the average session volume of 1,193 shares. The stock had previously closed at GBX 450.

Analyst Ratings Changes

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

VAALCO Energy Stock Performance

The firm’s 50-day moving average price is GBX 438.60 and its 200-day moving average price is GBX 428.49. 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 cap of £494.40 million, a P/E ratio of -4.52 and a beta of 1.17.

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.