VAALCO Energy, Inc. (NYSE:EGY) price closed lower on Friday, April 12, dropping -1.96% below its previous close.
A look at the daily price movement shows that the last close reads $7.15. The company’s 5Y monthly beta was ticking 1.30 while its P/E ratio in the trailing 12-month period read 12.40. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.51 and 52-week low of $3.51. The stock added 57.17% on its value in the past month.
VAALCO Energy, Inc., which has a market valuation of $723.92 million, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. The company stock has a Forward Dividend ratio of 0.25, while the dividend yield is 3.57%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EGY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 6.20. The overview shows that EGY’s price is at present 4.64% off the SMA20 and 33.54% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.33, with weekly volatility standing at 3.41%. The indicator jumps to 5.14% when calculated based on the past 30 days. VAALCO Energy, Inc. (NYSE:EGY)’s beta value is holding at 1.30, while the average true range (ATR) indicator is currently reading 0.26. An analysis of the VAALCO Energy, Inc. (NYSE:EGY) stock in terms of its daily trading volume indicates that the 3-month average is 1.09 million.
Current records show that the company has 104.35M in outstanding shares. The insiders’ percentage holdings are 1.75% of outstanding shares while the percentage share held by institutions stands at 54.16%. But the 56.12% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
