VAALCO Energy (LON:EGY) Trading Down 0.3% – Time to Sell?

Shares of VAALCO Energy, Inc. (LON:EGY) fell 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 410 and last traded at GBX 410. 351 shares were traded during trading, a decline of 72% from the average session volume of 1,245 shares. The stock had previously closed at GBX 411.40.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of VAALCO Energy to a “buy” rating and increased their target price for the stock from GBX 650 to GBX 665 in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 607.50.

VAALCO Energy Stock Performance

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’s 50-day moving average is GBX 438.46 and its two-hundred day moving average is GBX 364. The stock has a market cap of £438.75 million, a price-to-earnings ratio of -10.25 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.