VAALCO Energy (LON:EGY) Stock Price Down 1.1% – Time to Sell?

VAALCO Energy, Inc. (LON:EGY) traded down 1.1% on Thursday . The company traded as low as GBX 470 and last traded at GBX 470. 378 shares traded hands during trading, a decline of 73% from the average session volume of 1,390 shares. The stock had previously closed at GBX 475.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on VAALCO Energy from GBX 555 to GBX 570 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 560.

VAALCO Energy Stock Performance

The stock’s 50-day simple moving average is GBX 417.36 and its 200-day simple moving average is GBX 340.88. The stock has a market cap of £490.01 million, a price-to-earnings ratio of -11.75 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57.

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.