VAALCO Energy (LON:EGY) Sets New 52-Week Low – Here’s What Happened

VAALCO Energy, Inc. (LON:EGY) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 320 ($4.04) and last traded at GBX 330 ($4.16), with a volume of 1964 shares traded. The stock had previously closed at GBX 350 ($4.42).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on VAALCO Energy from GBX 700 ($8.83) to GBX 685 ($8.64) and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

VAALCO Energy Stock Down 5.7 %

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 has a market capitalization of £342.34 million, a price-to-earnings ratio of 540.98 and a beta of 1.17. The stock has a fifty day moving average of GBX 377.82 and a 200-day moving average of GBX 445.21.

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.