Canaccord Genuity Group Reiterates “Buy” Rating for VAALCO Energy (LON:EGY)

VAALCO Energy (LON:EGY)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 700 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 75.00% from the company’s previous close.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 611 price target on shares of VAALCO Energy in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, VAALCO Energy has a consensus rating of “Buy” and a consensus target price of GBX 620.33.

VAALCO Energy Price Performance

LON:EGY opened at GBX 400 on Monday. The firm’s 50-day simple moving average is GBX 408.59 and its 200 day simple moving average is GBX 409.04. VAALCO Energy has a 52 week low of GBX 250.60 and a 52 week high of GBX 486. The firm has a market cap of £428.05 million, a price-to-earnings ratio of -2.92 and a beta of 1.17. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19.

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.