VAALCO Energy (LON:EGY) Hits New 1-Year Low – Time to Sell?

Shares of VAALCO Energy, Inc. (LON:EGY) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 285.81 ($3.66) and last traded at GBX 285.81 ($3.66), with a volume of 857 shares trading hands. The stock had previously closed at GBX 335 ($4.29).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price objective on VAALCO Energy from GBX 700 ($8.95) to GBX 685 ($8.76) and set a “buy” rating for the company in a research report on Wednesday, November 13th.

VAALCO Energy Stock Down 14.7 %

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 17.57. The company has a market capitalization of £296.50 million, a P/E ratio of 468.54 and a beta of 1.17. The firm has a 50-day moving average price of GBX 364.22 and a two-hundred day moving average price of GBX 433.70.

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.