Canaccord Genuity Group Cuts VAALCO Energy (LON:EGY) Price Target to GBX 685

VAALCO Energy (LON:EGY) had its price objective cut by Canaccord Genuity Group from GBX 700 ($8.82) to GBX 685 ($8.63) in a report released on Wednesday,London Stock Exchange reports. They currently have a buy rating on the stock.

VAALCO Energy Price Performance

VAALCO Energy stock opened at GBX 462.50 ($5.83) on Wednesday. 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 has a 1-year low of GBX 330 ($4.16) and a 1-year high of GBX 590.11 ($7.44). The company has a fifty day simple moving average of GBX 474.86 and a 200 day simple moving average of GBX 492.88. The company has a market cap of £479.80 million, a P/E ratio of 758.20 and a beta of 1.17.

VAALCO Energy Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be paid a $0.06 dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.05%. VAALCO Energy’s dividend payout ratio is 3,114.75%.

About VAALCO Energy

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.