VAALCO Energy (LON:EGY) Stock Price Down 5.7% – Time to Sell?

VAALCO Energy, Inc. (LON:EGY)’s share price traded down 5.7% during trading on Tuesday . The company traded as low as GBX 330 ($4.16) and last traded at GBX 330 ($4.16). 1,964 shares changed hands during trading, an increase of 113% from the average session volume of 924 shares. The stock had previously closed at GBX 350 ($4.42).

Analyst Ratings Changes

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

VAALCO Energy Stock Performance

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’s 50-day moving average is GBX 377.82 and its 200 day moving average is GBX 445.21. The stock has a market cap of £342.34 million, a price-to-earnings 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.