VAALCO Energy (LON:EGY) Shares Up 4.4% – Should You Buy?

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

Analyst Upgrades and Downgrades

EGY has been the subject of several recent research reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 700 price target on shares of VAALCO Energy in a research note on Monday, August 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 611 target price on shares of VAALCO Energy in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, VAALCO Energy presently has an average rating of “Buy” and a consensus target price of GBX 620.33.

VAALCO Energy Stock Performance

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 moving average of GBX 439.90 and a 200-day moving average of GBX 428.39. The company has a market capitalization of £494.40 million, a P/E ratio of -4.52 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.