Analyzing VAALCO Energy Inc. (EGY) By Technical Indicators


As of Friday close, VAALCO Energy Inc.’s (NYSE:EGY) stock was down -$0.06, moving down -1.42 percent to $4.16. The average number of shares traded per day over the past five days has been 3,208,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 1,967,595, while in the previous 50 days, it was 1,406,524.

Since last month, EGY stock retreated -13.69%. Shares of the company fell to $3.88 on 03/16/23, the lowest level in the past month. A 52-week high of $8.77 was reached on 03/03/23 after having rallying from a 52-week low of $3.88. Since the beginning of this year, EGY’s stock price has dropped by -8.77% or -$0.40, and marked a new high 7 times. However, the stock has declined by -52.57% since its 52-week high.

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EGY stock investors should be aware that VAALCO Energy Inc. (EGY) stock had its last reported insider trading activity 95 days ago on Dec 13. Maxwell George W.M., the Chief Executive Officer of the company, purchased of 5,000 shares for $4.33 on Dec 13. It resulted in a $21,650 investment by the insider. Bain Ronald Y added 4,250 shares at an average price of $5.55 on Nov 16. The insider now owns 24,808 shares following the transaction. On Nov 16, Chief Operating Officer Pruckl Thor sold 37,337 shares at $5.34 apiece. The transaction was valued at $199,380.

Valuation Metrics

Right now, VAALCO Energy Inc. (EGY) has a P/E ratio of about 3.59. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 1.41, and the price-to-cash flow ratio of 30.24 may also be considered.

The latest dividend of $0.0625 per share was paid out, which is 95.31% more than last year’s $0.0320. On Tuesday February 14 2023, a $0.0305 dividend increase was announced.

Financial Health

In the recent quarter, VAALCO Energy Inc.’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 75.80% percent. In the recent year, operating margins totaled 55.10%. Based on annual data, EGY earned $79.1 million in gross profit and brought in $199.07 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 70.20%. Return on equity (ROE) for the past 12 months was 42.80%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EGY’s revenue rose 28.43% to $110.99 million during the quarter, while net income inched up to $78.1 million. During the quarter, the company generated $42.86 million in EBITDA. The liabilities of VAALCO Energy Inc. were 221.09 million at the end of its most recent quarter, and its total debt was $3.29 million. The value of shareholders’ equity is $108.38 million.

Technical Picture

This quick technical analysis looks at VAALCO Energy Inc.’s (EGY) price momentum. With a historical volatility rate of 46.85%, the RSI 9-day stood at 33.05% on 17 March.

With respect to its five-day moving average, the current VAALCO Energy Inc. price is down by -9.57% percent or -$0.44. At present, EGY shares trade -11.68% below its 20-day simple moving average and -24.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.42% below its SMA50 and -45.69% below its SMA200.

Stochastic coefficient K was 17.61% and Stochastic coefficient D was 19.61%, while ATR was 0.29. Given the Stochastic reading of 20.90% for the 14-day period, the RSI (14) reading has been calculated as 37.86%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.51.

Analyst Ratings

Stifel launched its rating on VAALCO Energy Inc. (NYSE: EGY) to a Buy in a note to investors on March 01, 2023. VAALCO Energy Inc. (EGY) has been rated Buy by analysts. According to 0 brokerage firms, EGY is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate VAALCO Energy Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $9.50, the current consensus forecast for the stock is $8.85 – $9.56. Based on these forecasts, analysts predict VAALCO Energy Inc. (EGY) will achieve an average price target of $9.35.


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