VAALCO Energy (LON:EGY) Trading Down 2.8% – Should You Sell?

VAALCO Energy, Inc. (LON:EGY)’s stock price traded down 2.8% during mid-day trading on Thursday . The company traded as low as GBX 350 and last traded at GBX 350. 1,185 shares traded hands during trading, an increase of 41% from the average session volume of 841 shares. The stock had previously closed at GBX 360.

Analyst Ratings Changes

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

VAALCO Energy Stock Down 2.8%

The firm has a 50 day simple moving average of GBX 323.47 and a two-hundred day simple moving average of GBX 300.75. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The stock has a market cap of £364.90 million, a P/E ratio of 12.96 and a beta of 1.17.

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.