Roth Capital Starts Vaalco Energy (EGY) at Buy

March 24, 2021 7:34 AM EDT
Get Alerts EGY Hot Sheet
Price: $2.27 +0.44%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 17 | New: 52
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Roth Capital analyst John White initiates coverage on Vaalco Energy (NYSE: EGY) with a Buy rating and a price target of $4.00.

The analyst comments "We initiate coverage with a Buy rating and a $4.00 target price, which is based on our net asset value analysis. EGY checks all the boxes of the current investor wish list: free cash flow, a balance sheet with zero debt and expectation of year over year production growth in 2021 of 46%. EGY has further displayed strong execution with its successful 2019/2020 drilling program and all of EGY’s drilling efforts during 2018 through 2020 resulted in producing wells."

For an analyst ratings summary and ratings history on Vaalco Energy click here. For more ratings news on Vaalco Energy click here.

Shares of Vaalco Energy closed at $2.25 yesterday.

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