Shares of VAALCO Energy Inc. (NYSE:EGY) traded today at $8.77, eclipsing its 52-week high. Approximately 994,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.
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 $8.03, 290% above that low price.
Potential upside of 4.1% exists for VAALCO Energy Inc., based on a current level of $8.03 and analysts’ average consensus price target of $8.36.
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.
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