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

VAALCO Energy (LON:EGY) had its target price decreased by equities research analysts at Canaccord Genuity Group from GBX 800 to GBX 765 in a note issued to investors on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target indicates a potential upside of 95.65% from the stock’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 611 target price on shares of VAALCO Energy in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, VAALCO Energy currently has an average rating of “Buy” and a consensus price target of GBX 642.

VAALCO Energy Stock Performance

Shares of LON EGY opened at GBX 391 on Monday. The stock’s 50-day moving average is GBX 451.14 and its 200 day moving average is GBX 420.33. The stock has a market cap of £411.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.17. VAALCO Energy has a 1-year low of GBX 250.60 and a 1-year high of GBX 486. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57.

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.