VAALCO Energy, Inc. (NYSE:EGY) price on current trading day, rose 0.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.32.
A look at the stock’s price movement, the close in the last trading session was $6.28, moving within a range at $6.2133 and $6.38. The beta value (5-Year monthly) was 1.171 while the PE ratio in trailing twelve months stood at 7.77. Turning to its 52-week performance, $7.51 and $3.85 were the 52-week high and 52-week low respectively. Overall, EGY moved 12.06% over the past month.
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VAALCO Energy, Inc.’s market cap currently stands at around $655.64 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-05. The company has a Forward Dividend ratio of 0.25, with its dividend yield at 3.96%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 145.89M for the company’s revenue for the quarter, with a low and high estimate of 142M and 149.79M respectively. The average forecast suggests up to a 19.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 485.17M, representing a 6.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EGY is a 25% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 3.89, with EGY’s current price about 10.06% and 2.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.76, while 7-day volatility ratio is 3.79% and 3.50% in the 30-day chart. Further, VAALCO Energy, Inc. (EGY) has a beta value of 1.16, and an average true range (ATR) of 0.23.
If we refocus on VAALCO Energy, Inc. (NYSE:EGY), historical trading data shows that trading volumes averaged 1.06 over the past 10 days and 959.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.35 million shares.
The 1.83% of VAALCO Energy, Inc.’s shares are in the hands of company insiders while institutional holders own 55.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.04 million on 2024-09-13, giving us a short ratio of 4.49. The data shows that as of 2024-09-13 short interest in VAALCO Energy, Inc. (EGY) stood at 394.0 of shares outstanding, with shares short rising to 4.04 million registered in 2024-08-15. Current price change has pushed the stock 40.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EGY stock continues to rise going into the next quarter.
