VAALCO Energy (LON:EGY) Shares Break Below 200 Day Moving Average – Should You Sell?

Shares of VAALCO Energy, Inc. (LON:EGY) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 420.33 and traded as low as GBX 391. VAALCO Energy shares last traded at GBX 391, with a volume of 1,471 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on EGY. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 700 price target on shares of VAALCO Energy in a report on Monday, August 10th. Peel Hunt reiterated a “buy” rating and set a GBX 611 price objective on shares of VAALCO Energy in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 620.33.

VAALCO Energy Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57. The stock has a market capitalization of £411.30 million, a PE ratio of -3.76 and a beta of 1.17. The stock has a fifty day moving average of GBX 451.14 and a 200-day moving average of GBX 420.33.

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.