VAALCO Energy (LON:EGY) Receives Buy Rating from Peel Hunt

VAALCO Energy (LON:EGY)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 611 target price on the stock. Peel Hunt’s price target would suggest a potential upside of 47.23% from the stock’s previous close.

Separately, Canaccord Genuity Group raised their price objective on VAALCO Energy from GBX 665 to GBX 680 and gave the company a “buy” rating in a report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 613.67.

VAALCO Energy Stock Up 2.5%

EGY stock traded up GBX 10 during midday trading on Wednesday, hitting GBX 415. The company’s stock had a trading volume of 118 shares, compared to its average volume of 1,193. The company’s fifty day moving average price is GBX 409.36 and its 200 day moving average price is GBX 407.12. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. VAALCO Energy has a twelve month low of GBX 250.60 and a twelve month high of GBX 486. The stock has a market capitalization of £444.10 million, a P/E ratio of -3.03 and a beta of 1.17.

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.