VAALCO Energy (LON:EGY) Trading Up 2.5% – Still a Buy?

VAALCO Energy, Inc. (LON:EGY) traded up 2.5% during mid-day trading on Monday . The stock traded as high as GBX 415 and last traded at GBX 415. 118 shares changed hands during trading, a decline of 90% from the average daily volume of 1,193 shares. The stock had previously closed at GBX 405.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on shares of VAALCO Energy from GBX 665 to GBX 680 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 615.

VAALCO Energy Trading Up 2.5%

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 business has a 50-day simple moving average of GBX 409.58 and a two-hundred day simple moving average of GBX 406.14. The stock has a market cap of £444.10 million, a price-to-earnings ratio of -3.03 and a beta of 1.17.

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.