Canaccord Genuity Group Issues Positive Forecast for VAALCO Energy (LON:EGY) Stock Price

VAALCO Energy (LON:EGY) had its price target lifted by Canaccord Genuity Group from GBX 665 to GBX 680 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 61.90% from the company’s previous close.

VAALCO Energy Price Performance

Shares of LON EGY opened at GBX 420 on Wednesday. The stock has a market capitalization of £449.45 million, a PE ratio of -3.07 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. The business has a fifty day moving average price of GBX 428.85 and a two-hundred day moving average price of GBX 372.10. VAALCO Energy has a fifty-two week low of GBX 250.60 and a fifty-two week high of GBX 486.

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.