VAALCO Energy (LON:EGY) Trading Up 5.4% – Time to Buy?

Shares of VAALCO Energy, Inc. (LON:EGY) were up 5.4% during mid-day trading on Tuesday . The stock traded as high as GBX 485 and last traded at GBX 485. 5,000 shares traded hands during trading, an increase of 319% from the average daily volume of 1,193 shares. The stock had previously closed at GBX 460.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EGY shares. Peel Hunt reissued a “buy” rating and issued a GBX 611 target price on shares of VAALCO Energy in a report on Wednesday, August 5th. Canaccord Genuity Group restated a “buy” rating and set a GBX 700 target price on shares of VAALCO Energy in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 620.33.

VAALCO Energy Trading Up 5.4%

The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The business has a fifty day simple moving average of GBX 417.36 and a 200 day simple moving average of GBX 421.26. The stock has a market cap of £510.18 million, a price-to-earnings ratio of -4.66 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.