VAALCO Energy (LON:EGY) Price Target Cut to GBX 565 by Analysts at Canaccord Genuity Group

VAALCO Energy (LON:EGY) had its target price dropped by research analysts at Canaccord Genuity Group from GBX 660 ($8.58) to GBX 565 ($7.35) in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 82.26% from the company’s current price.

VAALCO Energy Stock Performance

LON:EGY opened at GBX 310 ($4.03) on Monday. 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 stock has a market capitalization of £321.59 million, a PE ratio of 508.20 and a beta of 1.17. The firm’s 50 day moving average is GBX 342.48 and its 200 day moving average is GBX 418.24. VAALCO Energy has a 12 month low of GBX 285.81 ($3.72) and a 12 month high of GBX 590.11 ($7.67).

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.