VAALCO Energy (LON:EGY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of VAALCO Energy, Inc. (LON:EGY) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 420.33 and traded as low as GBX 391. VAALCO Energy shares last traded at GBX 391, with a volume of 1,471 shares changing hands.

Analysts Set New Price Targets

EGY has been the topic of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 700 price objective on shares of VAALCO Energy in a research report on Monday, August 10th. Peel Hunt reissued a “buy” rating and set a GBX 611 price objective on shares of VAALCO Energy in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, VAALCO Energy has an average rating of “Buy” and an average price target of GBX 620.33.

VAALCO Energy Trading Down 8.0%

The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. The company has a market cap of £411.30 million, a PE ratio of -3.76 and a beta of 1.17. The company’s 50 day simple moving average is GBX 451.14 and its two-hundred day simple moving average is GBX 420.33.

About VAALCO Energy

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.