VAALCO Energy (LON:EGY) Stock Price Up 6.2% - Time to Buy?

Shares of VAALCO Energy, Inc. (LON:EGY - Get Free Report) traded up 6.2% on Monday . The company traded as high as GBX 387.75 ($4.74) and last traded at GBX 387.75 ($4.74). 6 shares were traded during trading, a decline of 99% from the average session volume of 1,006 shares. The stock had previously closed at GBX 365 ($4.47).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on VAALCO Energy from GBX 700 ($8.57) to GBX 685 ($8.38) and set a "buy" rating on the stock in a report on Wednesday, November 13th.

VAALCO Energy Stock Up 6.2 %

The stock's 50-day moving average price is GBX 427.81 and its 200-day moving average price is GBX 469.80. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 17.57. The stock has a market cap of £402.25 million, a price-to-earnings ratio of 635.66 and a beta of 1.17.

VAALCO Energy Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.06 per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. VAALCO Energy's payout ratio is 3,114.75%.

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.