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

VAALCO Energy, Inc. (LON:EGY - Get Free Report)'s stock price was down 5.7% during mid-day trading on Tuesday . The company traded as low as GBX 330 ($4.17) and last traded at GBX 330 ($4.17). Approximately 1,964 shares traded hands during trading, an increase of 113% from the average daily volume of 924 shares. The stock had previously closed at GBX 350 ($4.42).

Wall Street Analysts Forecast Growth

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

VAALCO Energy Stock Performance

The company has a 50-day simple moving average of GBX 374.52 and a two-hundred day simple moving average of GBX 442.60. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.74 and a current ratio of 1.19. The firm has a market capitalization of £337.16 million, a P/E ratio of 532.79 and a beta of 1.17.

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.