VAALCO Energy (LON:EGY) Shares Up 1.9% – Still a Buy?

VAALCO Energy, Inc. (LON:EGY)’s share price was up 1.9% on Wednesday . The company traded as high as GBX 290 and last traded at GBX 275. Approximately 107 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 683 shares. The stock had previously closed at GBX 270.

Analysts Set New Price Targets

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

VAALCO Energy Price Performance

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’s fifty day moving average price is GBX 271.93 and its 200-day moving average price is GBX 282.87. The stock has a market cap of £286.71 million, a P/E ratio of 10.19 and a beta of 1.17.

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.