VAALCO Energy (LON:EGY) Trading Up 2.5% – Still a Buy?

Shares of VAALCO Energy, Inc. (LON:EGY) traded up 2.5% during mid-day trading on Monday . The stock traded as high as GBX 415 and last traded at GBX 415. 118 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,193 shares. The stock had previously closed at GBX 405.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target on shares of VAALCO Energy from GBX 665 to GBX 680 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 615.

VAALCO Energy Stock Performance

The stock has a market capitalization of £444.10 million, a P/E ratio of -3.03 and a beta of 1.17. The stock has a 50 day simple moving average of GBX 409.58 and a two-hundred day simple moving average of GBX 406.14. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57.

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.