VAALCO Energy (LON:EGY) Sets New 52-Week Low – Should You Sell?

VAALCO Energy, Inc. (LON:EGY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 320 ($4.05) and last traded at GBX 330 ($4.18), with a volume of 1964 shares changing hands. The stock had previously closed at GBX 350 ($4.43).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on VAALCO Energy from GBX 700 ($8.87) to GBX 685 ($8.68) and set a “buy” rating for the company in a research note on Wednesday, November 13th.

VAALCO Energy Price Performance

The company’s 50 day moving average is GBX 374.52 and its 200 day moving average is GBX 442.60. 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 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.