VAALCO Energy (LON:EGY) Trading 6.2% Higher – Still a Buy?

VAALCO Energy, Inc. (LON:EGY) shares shot up 6.2% during trading 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 mid-day trading, a decline of 99% from the average session volume of 1,006 shares. The stock had previously closed at GBX 365 ($4.47).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on VAALCO Energy from GBX 700 ($8.57) to GBX 685 ($8.38) and set a “buy” rating for the company in a research report on Wednesday, November 13th.

VAALCO Energy Price Performance

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 company has a market cap of £402.25 million, a P/E ratio of 635.66 and a beta of 1.17. The firm has a 50 day moving average price of GBX 427.81 and a two-hundred day moving average price of GBX 469.80.

VAALCO Energy Dividend Announcement

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

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.