Shares of VAALCO Energy Inc. (NYSE:EGY) traded today at $8.77, eclipsing its 52-week high. This new high was reached on below average trading volume as 886,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Equatorial Guinea and Corporate and Other. Gabon segment includes Etame Field, Avouma/South Tchibala Field, Ebouri field, Southeast Etame, North and Tchibala field. It’s Equatorial Guinea segment include a working interest in an undeveloped portion of a block offshore Equatorial Guinea. The company generates maximum revenue from the Gabon segment.
In the past 52 weeks, VAALCO Energy Inc. share prices are bracketed by a low of $2.06 and a high of $8.77 and is now at $8.49, 312% above that low price.
VAALCO Energy Inc. (NYSE:EGY) is currently priced 6.4% above its average consensus analyst price target of $7.95.
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