VAALCO Energy Inc. (NYSE:EGY) shares, rose in value on Wednesday, 08/03/22, with the stock price down by -16.03% to the previous day’s close as strong demand from buyers drove the stock to $4.82.
Actively observing the price movement in the last trading, the stock closed the session at $5.74, falling within a range of $4.6102 and $5.68. The value of beta (5-year monthly) was 1.77 whereas the PE ratio was 3.38 over 12-month period. Referring to stock’s 52-week performance, its high was $8.77, and the low was $2.06. On the whole, EGY has fluctuated by -24.69% over the past month.
With the market capitalization of VAALCO Energy Inc. currently standing at about $266.69 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 01, 2021 – Nov 05, 2021. The company’s Forward Dividend Ratio is 0.13, with its dividend yield at 2.70%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $1.69 and then to about $2.33 by fiscal year 2023. Data indicates that the EPS growth is expected to be 52.30% in 2023, while the next year’s EPS growth is forecast to be 37.90%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EGY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the EGY stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EGY currently trading nearly -15.24% and -29.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.54, while the 7-day volatility ratio is showing 9.09% which for the 30-day chart, stands at 7.30%. Furthermore, VAALCO Energy Inc. (EGY)’s beta value is 1.60, and its average true range (ATR) is 0.51. The company’s stock has been forecasted to trade at an average price of $10.00 over the course of the next 52 weeks, with a low of $10.00 and a high of $10.00. Based on these price targets, the low is -107.47% off current price, whereas the price has to move -107.47% to reach the yearly target high. Additionally, analysts’ median price of $10.00 is likely to be welcomed by investors because it represents a decrease of -107.47% from the current levels.
Data on historical trading for VAALCO Energy Inc. (NYSE:EGY) indicates that the trading volumes over the past 10 days have averaged 1.73 million and over the past 3 months, they’ve averaged 2.07 million. According to company’s latest data on outstanding shares, there are 58.70 million shares outstanding.
Nearly 1.60% of VAALCO Energy Inc.’s shares belong to company insiders and institutional investors own 45.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.28 million shares as on Jul 14, 2022, resulting in a short ratio of 1.34. According to the data, the short interest in VAALCO Energy Inc. (EGY) stood at 7.15% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1.09 million. The stock has risen by 50.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EGY stock heading into the next quarter.