Analysis Of The Weekly Performance Of VAALCO Energy Inc. (EGY)

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VAALCO Energy Inc. (NYSE:EGY) traded with an addition of $0.15 to $4.60 on Thursday, an upside of 3.37 percent. An average of 2,436,906 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,875,406 shares traded, while the 50-day average volume stands at 1,871,709.

EGY stock has decreased by -12.40% in the last month. The company shares reached their 1-month lowest point of $4.32 on 09/07/22. With the stock rallying to its 52-week high on 06/06/22, shares of the company touched a low of $2.45 and a high of $8.77 in 52 weeks. It has reached a new high 25 times so far this year and achieved 38.63% or $1.39 in price. In spite of this, the price is down -47.55% from the 52-week high.


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Insider Transactions

192 days have passed since VAALCO Energy Inc. (EGY) last reported insider trading activity. FAWTHROP ANDREW LAWRENCE, who is Director, most recently acquired $35,000 shares at $5.53 per share on Mar 14. In this transaction, the insider spent $193,550. CAO & Controller, Doornik Jason, disposed of 6,000 shares at a price of $5.83 on Mar 14. The insider now owns more than $34,980 worth of shares. Prior to that, Director Radoff Bradley Louis went on to Sale 100,000 shares at $3.77 each on Nov 17. An amount of $376,710 was transacted.

Valuation Metrics

VAALCO Energy Inc. (EGY) has a trailing price-to-earnings (P/E) ratio of 2.81. The stock’s beta is 1.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.90, the price-to-book (PB) ratio at 1.56, and the price-to-cash flow ratio at 8.88.

Financial Health

The quick ratio of VAALCO Energy Inc. for the recent quarter was 0.90, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the recent quarter. Its gross profit as reported stood at $79.1 million compared to revenue of $199.07 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, VAALCO Energy Inc.’s return on assets was 32.50%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $15.1 million in the quarter, while revenues of $12.16 million were grew 61.06%. Shareholders own equity worth $59.07 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at VAALCO Energy Inc. (EGY) price momentum. RSI 9-day as of the close on 21 September was 44.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.64%.

As of today, EGY’s price is $4.58 -0.97% or -$0.05 from its 5-day moving average. EGY is currently trading -13.60% lower than its 20-day SMA and -29.59% lower than its 100-day SMA. However, the stock’s current price level is -26.08% below the SMA50 and +49.51% above the SMA200.

The stochastic %K and %D were 28.67% and 28.13%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 47.06% and the average true range at 0.27, the RSI (14) stands at 42.72%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.

Analyst Ratings

ROTH Capital upgraded VAALCO Energy Inc. (NYSE: EGY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for VAALCO Energy Inc. (EGY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EGY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is EGY’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $10.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for VAALCO Energy Inc. (EGY) stock is $9.50.

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