VAALCO Energy (LON:EGY – Get Free Report) had its target price hoisted by equities research analysts at Canaccord Genuity Group from GBX 525 ($7.09) to GBX 530 ($7.16) in a research note issued on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 100.76% from the company’s current price.
VAALCO Energy Stock Performance
Shares of EGY stock opened at GBX 264 ($3.56) on Monday. VAALCO Energy has a 12 month low of GBX 255 ($3.44) and a 12 month high of GBX 506.50 ($6.84). The company has a market cap of £273.87 million, a P/E ratio of 432.79 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57. The firm has a fifty day moving average price of GBX 273.72 and a 200 day moving average price of GBX 294.68.
VAALCO Energy Company Profile
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.
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