VAALCO Energy (LON:EGY) Reaches New 1-Year High - Time to Buy?

Key Points

• VAALCO Energy hit a new 52-week high of GBX 420 (previous close GBX 366) and has attracted analyst upgrades—Jefferies raised its target to GBX 550 and Canaccord to GBX 570, with a MarketBeat consensus Buy rating and a GBX 560 target.
• The stock shows technical strength (50‑day MA GBX 334.36, 200‑day MA GBX 304.49) and trades at a market cap of £437.88m with a PE of 15.56, but liquidity is modest (quick ratio 0.74, current ratio 1.19) and reported debt‑to‑equity is high (17.57).
• VAALCO operates in West Africa with a 31.1% working interest in the Etame Marin block offshore Gabon, an asset that has produced over 110 million barrels of crude oil to date.

VAALCO Energy, Inc. (LON:EGY - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 420 and last traded at GBX 420, with a volume of 500 shares trading hands. The stock had previously closed at GBX 366.

Analysts Set New Price Targets

A number of research analysts have issued reports on EGY shares. Jefferies Financial Group boosted their price target on VAALCO Energy from GBX 530 to GBX 550 and gave the company a "buy" rating in a report on Wednesday, November 12th. Canaccord Genuity Group lifted their target price on shares of VAALCO Energy from GBX 555 to GBX 570 and gave the company a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 560.

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 has a market capitalization of £437.88 million, a PE ratio of 15.56 and a beta of 1.17. The stock has a 50-day moving average price of GBX 334.36 and a 200 day moving average price of GBX 304.49.

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.

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