VAALCO Energy (LON:EGY) Price Target Raised to GBX 335 at Canaccord Genuity

VAALCO Energy (LON:EGY) had its price target raised by Canaccord Genuity from GBX 325 ($4.25) to GBX 335 ($4.38) in a research report report published on Wednesday, reports. The firm currently has a buy rating on the stock.

Shares of EGY stock opened at GBX 236 ($3.08) on Wednesday. The stock has a market capitalization of £138.26 million and a PE ratio of 9.44. VAALCO Energy has a 1-year low of GBX 80 ($1.05) and a 1-year high of GBX 246 ($3.21). The business has a 50-day moving average of GBX 194.18 and a 200 day moving average of GBX 198.28. The company has a debt-to-equity ratio of 20.97, a current ratio of 0.87 and a quick ratio of 0.76.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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