VAALCO Energy (LON:EGY) Earns Buy Rating from Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of VAALCO Energy (LON:EGY) in a research note issued to investors on Monday, Digital Look reports. The brokerage currently has a GBX 280 ($3.66) price target on the stock.

Shares of EGY stock opened at GBX 175 ($2.29) on Monday. The company has a debt-to-equity ratio of 36.71, a quick ratio of 1.06 and a current ratio of 1.22. The firm has a 50-day moving average price of GBX 193.51. The company has a market cap of £100.91 million and a PE ratio of -2.87. VAALCO Energy has a 52-week low of GBX 64.90 ($0.85) and a 52-week high of GBX 222 ($2.90).

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon, West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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