VAALCO Energy (LON:EGY) Reaches New 1-Year High – Here’s What Happened

VAALCO Energy, Inc. (LON:EGY) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 369.40 and last traded at GBX 369.40, with a volume of 500 shares trading hands. The stock had previously closed at GBX 340.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their target price on VAALCO Energy from GBX 530 to GBX 550 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, VAALCO Energy currently has a consensus rating of “Buy” and a consensus target price of GBX 540.

VAALCO Energy Price Performance

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 stock has a market cap of £385.13 million, a price-to-earnings ratio of 13.68 and a beta of 1.17. The company has a 50 day simple moving average of GBX 282.18 and a 200-day simple moving average of GBX 287.62.

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.