VAALCO Energy (LON:EGY) Stock Price Down 1.1% – Here’s What Happened

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

Analysts Set New Price Targets

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

VAALCO Energy Trading Down 1.1%

The firm 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 fifty day moving average price of GBX 417.36 and a 200-day moving average price of GBX 340.88. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57.

VAALCO Energy Company Profile

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.