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

VAALCO Energy, Inc. (LON:EGY) hit 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 trading hands. The stock had previously closed at GBX 350 ($4.42).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price 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 business has a 50 day simple moving average of GBX 377.82 and a 200 day simple moving average of GBX 445.21. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market cap of £342.34 million, a PE ratio of 540.98 and a beta of 1.17.

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.