VAALCO Energy (LON:EGY) Stock Price Down 3.2% – What’s Next?

VAALCO Energy, Inc. (LON:EGY) shares were down 3.2% on Wednesday . The company traded as low as GBX 271 and last traded at GBX 271. Approximately 1,032 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 987 shares. The stock had previously closed at GBX 280.

Analyst Ratings Changes

Several analysts have recently weighed in on EGY shares. Jefferies Financial Group upped their price objective on VAALCO Energy from GBX 530 to GBX 550 and gave the company a “buy” rating in a report on Wednesday, November 12th. Canaccord Genuity Group raised their price objective on shares of VAALCO Energy from GBX 525 to GBX 530 and gave the company a “buy” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 540.

VAALCO Energy Stock Down 3.2%

The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57. The business’s fifty day moving average price is GBX 293.77 and its 200 day moving average price is GBX 283.98. The company has a market capitalization of £282.54 million, a P/E ratio of 7.32 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.