VAALCO Energy (LON:EGY) Price Target Raised to GBX 680 at Canaccord Genuity Group

VAALCO Energy (LON:EGY) had its price target hoisted by stock analysts at Canaccord Genuity Group from GBX 665 to GBX 680 in a research note issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 61.90% from the company’s previous close.

VAALCO Energy Price Performance

Shares of LON:EGY opened at GBX 420 on Wednesday. The business’s 50 day simple moving average is GBX 428.85 and its two-hundred day simple moving average is GBX 372.10. The firm has a market cap of £449.45 million, a P/E ratio of -3.07 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 has a 52-week low of GBX 250.60 and a 52-week high of GBX 486.

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.