VAALCO Energy (LON:EGY) Stock Price Up 5.4% – Still a Buy?

VAALCO Energy, Inc. (LON:EGY) rose 5.4% during trading on Tuesday . The company traded as high as GBX 485 and last traded at GBX 485. 5,000 shares traded hands during mid-day trading, an increase of 319% from the average daily volume of 1,193 shares. The stock had previously closed at GBX 460.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EGY shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 611 price target on shares of VAALCO Energy in a research note on Wednesday, August 5th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 700 price target on shares of VAALCO Energy in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 620.33.

VAALCO Energy Price 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 stock has a market capitalization of £510.18 million, a P/E ratio of -4.66 and a beta of 1.17. The stock’s fifty day moving average is GBX 419.16 and its 200-day moving average is GBX 422.21.

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.