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VAALCO Energy (LON:EGY) Stock Price Up 4.1% - Should You Buy?

VAALCO Energy logo with Energy background

Key Points

  • VAALCO Energy's stock price increased by 4.1% on Monday, closing at GBX 302 ($4.09), with trading volume up by 152% from its average daily volume.
  • Canaccord Genuity Group raised their price target for VAALCO from GBX 525 to GBX 530, maintaining a "buy" rating, while the stock has a consensus rating of "buy" with an average target of GBX 607.50.
  • The company holds a 31.1% working interest in the Etame Marin block in Gabon, which has produced over 110 MMBBL of crude oil.
  • Five stocks to consider instead of VAALCO Energy.

VAALCO Energy, Inc. (LON:EGY - Get Free Report)'s stock price rose 4.1% on Monday . The company traded as high as GBX 302 ($4.09) and last traded at GBX 302 ($4.09). Approximately 2,483 shares were traded during trading, an increase of 152% from the average daily volume of 987 shares. The stock had previously closed at GBX 290 ($3.93).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target on shares of VAALCO Energy from GBX 525 to GBX 530 and gave the stock a "buy" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 607.50.

View Our Latest Analysis on VAALCO Energy

VAALCO Energy Stock Performance

The stock has a market capitalization of £317.34 million, a price-to-earnings ratio of 539.29 and a beta of 1.17. The stock's 50 day moving average is GBX 278.32 and its 200 day moving average is GBX 287.51. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57.

VAALCO Energy Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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