VAALCO Energy’s (EGY) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of VAALCO Energy (LON:EGY) in a research note published on Monday morning,Digital Look reports. The firm currently has a GBX 700 target price on the stock.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 611 target price on shares of VAALCO Energy in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 620.33.

VAALCO Energy Stock Down 5.6%

EGY opened at GBX 401 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. VAALCO Energy has a 1-year low of GBX 250.60 and a 1-year high of GBX 486. The company has a market capitalization of £429.12 million, a PE ratio of -2.93 and a beta of 1.17. The firm’s 50 day simple moving average is GBX 408.02 and its two-hundred day simple moving average is GBX 410.20.

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.