VAALCO Energy (LON:EGY) Reaches New 1-Year Low - Should You Sell?

VAALCO Energy, Inc. (LON:EGY - Get Free Report) shares 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 ($4.17), with a volume of 1964 shares. The stock had previously closed at GBX 350 ($4.42).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price target on shares of VAALCO Energy from GBX 700 ($8.84) to GBX 685 ($8.65) and set a "buy" rating for the company in a research note on Wednesday, November 13th.

VAALCO Energy Stock Performance

The stock has a market cap of £337.16 million, a P/E ratio of 532.79 and a beta of 1.17. 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 business's 50 day simple moving average is GBX 373.02 and its 200 day simple moving average is GBX 441.26.

VAALCO Energy Company Profile

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.