VAALCO Energy (LON:EGY) Sets New 52-Week Low – Should You Sell?

VAALCO Energy, Inc. (LON:EGY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 250.60 and last traded at GBX 250.60, with a volume of 326 shares traded. The stock had previously closed at GBX 265.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their target price on shares of VAALCO Energy from GBX 530 to GBX 550 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 540.

VAALCO Energy Trading Down 5.4%

The company has a market cap of £261.27 million, a price-to-earnings ratio of 9.28 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57. The firm has a 50 day moving average price of GBX 288.08 and a two-hundred day moving average price of GBX 283.71.

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.