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Canaccord Genuity Believes Vaalco Energy (EGY) Won’t Stop Here

Canaccord Genuity analyst Charlie Sharp reiterated a Buy rating on Vaalco Energy (EGYResearch Report) today and set a price target of p335.00. The company’s shares closed last Tuesday at $3.22, close to its 52-week high of $3.70.

Sharp has an average return of 88.3% when recommending Vaalco Energy.

According to TipRanks.com, Sharp is ranked #247 out of 7688 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vaalco Energy with a $4.39 average price target.

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The company has a one-year high of $3.70 and a one-year low of $0.81. Currently, Vaalco Energy has an average volume of 232.5K.

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VAALCO Energy, Inc. engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon, Equatorial Guinea; and Corporate and Other. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation. The Corporate and Other segment consists of corporate and operations support costs. The company was founded by Virgil A. Walston and Charles Alcorn in 1985 and is headquartered in Houston, TX.

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