Peel Hunt Reaffirms “Buy” Rating for VAALCO Energy (LON:EGY)

VAALCO Energy (LON:EGY)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 611 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 47.23% from the company’s current price.

Separately, Canaccord Genuity Group raised their price target on VAALCO Energy from GBX 665 to GBX 680 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, VAALCO Energy has a consensus rating of “Buy” and an average target price of GBX 613.67.

VAALCO Energy Trading Up 2.5%

EGY stock traded up GBX 10 during midday trading on Wednesday, hitting GBX 415. 118 shares of the company’s stock were exchanged, compared to its average volume of 1,193. VAALCO Energy has a one year low of GBX 250.60 and a one year high of GBX 486. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The company has a market cap of £444.10 million, a PE ratio of -3.03 and a beta of 1.17. The stock’s fifty day moving average price is GBX 409.36 and its 200-day moving average price is GBX 407.12.

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.