VAALCO Energy (LON:EGY) Hits New 1-Year Low – Time to Sell?

VAALCO Energy, Inc. (LON:EGY)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 285.81 ($3.66) and last traded at GBX 285.81 ($3.66), with a volume of 857 shares traded. The stock had previously closed at GBX 335 ($4.29).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price objective on VAALCO Energy from GBX 700 ($8.95) to GBX 685 ($8.76) and set a “buy” rating on the stock in a report on Wednesday, November 13th.

VAALCO Energy Stock Down 14.7 %

The business has a fifty day moving average of GBX 364.22 and a 200 day moving average of GBX 433.70. The stock has a market cap of £296.50 million, a price-to-earnings ratio of 468.54 and a beta of 1.17. 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 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.