VAALCO Energy (LON:EGY) Shares Down 0.3% – Should You Sell?

VAALCO Energy, Inc. (LON:EGY)’s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as GBX 410 and last traded at GBX 410. Approximately 351 shares traded hands during trading, a decline of 72% from the average daily volume of 1,245 shares. The stock had previously closed at GBX 411.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised VAALCO Energy to a “buy” rating and raised their price objective for the company from GBX 650 to GBX 665 in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 607.50.

VAALCO Energy Stock Down 0.3%

The stock has a 50 day moving average price of GBX 441.48 and a 200-day moving average price of GBX 362.37. The stock has a market capitalization of £438.75 million, a P/E ratio of -10.25 and a beta of 1.17. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74.

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.