VAALCO Energy (LON:EGY) Stock Price Up 5.2% – Here’s Why

VAALCO Energy, Inc. (LON:EGY)’s stock price rose 5.2% during mid-day trading on Wednesday. The stock traded as high as GBX 468 and last traded at GBX 468. 100 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,193 shares. The stock had previously closed at GBX 445.

Wall Street Analysts Forecast Growth

EGY has been the subject of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 700 target price on shares of VAALCO Energy in a report on Monday, August 10th. Peel Hunt reissued a “buy” rating and set a GBX 611 price objective on shares of VAALCO Energy in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, VAALCO Energy currently has a consensus rating of “Buy” and a consensus price target of GBX 620.33.

VAALCO Energy Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57. The company has a market cap of £411.30 million, a price-to-earnings ratio of -3.76 and a beta of 1.17. The company has a fifty day simple moving average of GBX 451.14 and a two-hundred day simple moving average of GBX 420.33.

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.