VAALCO Energy (LON:EGY) Shares Climb 4.4% – Time to Buy?

VAALCO Energy, Inc. (LON:EGY)’s share price traded up 4.4% during trading on Wednesday. The company traded as high as GBX 470 and last traded at GBX 470. 19 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,193 shares. The stock had previously closed at GBX 450.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 700 price objective on shares of VAALCO Energy in a research report on Monday, August 10th. 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 investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, VAALCO Energy presently has an average rating of “Buy” and a consensus target price of GBX 620.33.

VAALCO Energy Price Performance

The firm has a market capitalization of £494.40 million, a PE ratio of -4.52 and a beta of 1.17. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The stock has a fifty day moving average price of GBX 438.60 and a 200-day moving average price of GBX 428.49.

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.