VAALCO Energy (LON:EGY – Get Free Report) was upgraded by research analysts at Canaccord Genuity Group to a “buy” rating in a research report issued on Monday,Digital Look reports. The brokerage presently has a GBX 665 price objective on the stock, up from their previous price objective of GBX 650. Canaccord Genuity Group’s price objective would suggest a potential upside of 53.40% from the stock’s current price.
VAALCO Energy Price Performance
Shares of EGY opened at GBX 433.50 on Monday. 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 company’s fifty day simple moving average is GBX 423.73 and its 200 day simple moving average is GBX 344.87. VAALCO Energy has a 1-year low of GBX 250.60 and a 1-year high of GBX 486. The company has a market cap of £463.90 million, a price-to-earnings ratio of -10.84 and a beta of 1.17.
VAALCO Energy Company Profile
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.
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