VAALCO Energy (LON:EGY) Reaches New 12-Month Low – What’s Next?

VAALCO Energy, Inc. (LON:EGY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 250.60 and last traded at GBX 250.60, with a volume of 269 shares changing hands. The stock had previously closed at GBX 265.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price target on shares of VAALCO Energy from GBX 530 to GBX 550 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, VAALCO Energy has an average rating of “Buy” and an average price target of GBX 540.

VAALCO Energy Stock Down 5.4%

The stock has a market capitalization of £261.27 million, a price-to-earnings ratio of 9.28 and a beta of 1.17. The firm has a 50-day moving average of GBX 280.82 and a 200 day moving average of GBX 283.51. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74.

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.