VAALCO Energy, Inc. with ticker code (EGY) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 10.05 and 7.03 calculating the mean target price we have $8.34. Given that the stocks previous close was at $4.44 this now indicates there is a potential upside of 87.8%. The day 50 moving average is $4.54 and the 200 day MA is $4.90. The company has a market cap of $463m. Company Website: https://www.vaalco.com
The potential market cap would be $869m based on the market consensus.
VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. The company was incorporated in 1985 and is headquartered in Houston, Texas.
The company has a dividend yield of 5.63% with the ex dividend date set at 23-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.9, revenue per share of 5.09 and a 15.11% return on assets.
