VAALCO Energy, Inc (NYSE:EGY) shares, rose in value on Friday, March 07, with the stock price up by 3.49% to the previous day’s close as strong demand from buyers drove the stock to $3.86.
Actively observing the price movement in the last trading, the stock closed the session at $3.73. The PE ratio was 4.49 over 12-month period. Referring to stock’s 52-week performance, its high was $7.51, and the low was $3.57. On the whole, EGY has fluctuated by -6.99% over the past month.
With the market capitalization of VAALCO Energy, Inc currently standing at about $405.66 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.31, with its dividend yield at 8.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 480.18M, with a low estimate of 107.8M and a high estimate of 107.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 107.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EGY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.26, with the price of EGY currently trading nearly -6.72% and -9.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.30, while the 7-day volatility ratio is showing 5.80% which for the 30-day chart, stands at 3.58%. Furthermore, VAALCO Energy, Inc (EGY)’s beta value is 0.75, and its average true range (ATR) is 0.16.
A comparison of VAALCO Energy, Inc (EGY) with its peers suggests the former has fared considerably weaker in the market. EGY showed an intraday change of 3.49% in last session, and over the past year, it shrunk by -9.39%%.
Data on historical trading for VAALCO Energy, Inc (NYSE:EGY) indicates that the trading volumes over the past 3 months, they’ve averaged 880.70K. According to company’s latest data on outstanding shares, there are 103.74 million shares outstanding.
Nearly 1.47% of VAALCO Energy, Inc’s shares belong to company insiders and institutional investors own 60.92% of the company’s shares. The stock has fallen by -11.67% 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.
