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

VAALCO Energy (LON:EGY) had its price objective decreased by Canaccord Genuity Group from GBX 660 ($8.57) to GBX 565 ($7.34) in a research report sent to investors on Monday morning, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

VAALCO Energy Stock Performance

LON:EGY opened at GBX 310 ($4.03) on Monday. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57. VAALCO Energy has a 1-year low of GBX 285.81 ($3.71) and a 1-year high of GBX 590.11 ($7.66). The firm has a market capitalization of £321.59 million, a price-to-earnings ratio of 508.20 and a beta of 1.17. The stock has a fifty day simple moving average of GBX 344.38 and a 200 day simple moving average of GBX 419.58.

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.