VAALCO Energy (LON:EGY) Price Target Cut to GBX 765 by Analysts at Canaccord Genuity Group

VAALCO Energy (LON:EGY) had its price target reduced by Canaccord Genuity Group from GBX 800 to GBX 765 in a research report issued on Monday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 95.65% from the stock’s current price.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 611 target price on shares of VAALCO Energy in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 642.

VAALCO Energy Price Performance

Shares of LON EGY opened at GBX 391 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57. The business has a 50-day moving average of GBX 451.14 and a 200-day moving average of GBX 420.33. The firm has a market capitalization of £411.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.17. VAALCO Energy has a 12 month low of GBX 250.60 and a 12 month 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.