VAALCO Energy, Inc. (NYSE:EGY) traded at $5.93 at last check on Wednesday, March 20, made a downward move of -1.66% on its previous day’s price.
Looking at the stock we see that its previous close was $6.03 and the beta (5Y monthly) reads 1.23. The company has a trailing 12-month PE ratio of 10.49. In terms of its 52-week price range, EGY has a high of $6.04 and a low of $3.51. The company’s stock has gained about 38.23% over that past 30 days.
VAALCO Energy, Inc. has a market cap of $623.60 million and is expected to release its quarterly earnings report on May 07, 2024 – May 13, 2024. With its Forward Dividend at 0.31 and a yield of 5.27%, the company’s investors could be anxious for the EGY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.36 for 2024 and $0 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $113.7 million, with a low of $113.7 million and a high of $113.7 million. The median projection represents growth squeezing down to 30.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $411.76 million, or -9.50% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EGY stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the EGY stock currently stands at 5.25, and the most recent price level today is 29.24% off its SMA20 and 33.93% from its 50-day simple moving average. The RSI (14) is pointing at 80.63 while the volatility over the past week is 8.72% and jumps to 4.47% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.24.
Coming back to VAALCO Energy, Inc. (NYSE:EGY), we note that the average 3-month trading volume was 843.91K, while that of the preceding 10-day period stands at 1.75 million. Current shares outstanding are 104.35 million.
The insiders hold 1.67% of the company’s shares while institutions hold 53.16%. The data shows that short shares as of Feb 29, 2024, stood at 2.43 million at a short ratio of 3.8. This represents a 2.31% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 2.24 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 32.07% up in year-to-date price movement.
