VAALCO Energy Inc. (NYSE:EGY) finished Wednesday with an addition of $0.35 to close at $4.75, an upside of 7.99 percent. An average of 824,563 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 749,876 shares traded, while the 50-day average volume stands at 967,412.
EGY stock has increased by 15.89% in the last month. The company shares reached their 1-month lowest point of $3.92 on 07/11/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $3.51 and a high of $5.87 in 52 weeks. It has reached a new high 7 times so far this year and achieved 4.20% or $0.21 in price. In spite of this, the price is down -19.06% from the 52-week high.
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Insider Transactions
EGY stock investors should be aware that VAALCO Energy Inc. (EGY) stock had its last reported insider trading activity 267 days ago on May 25.
Valuation Metrics
VAALCO Energy Inc. (EGY) has a trailing price-to-earnings (P/E) ratio of 8.23. The stock’s beta is 1.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 1.12.
The company has a payout ratio of 27.60%. The company’s most recent quarterly dividend payment was $0.0630 a share, without any change from last year. Its latest increase dividend $0.0005 reported on Tuesday May 9 2023.
Financial Health
The quick ratio of VAALCO Energy Inc. for the three months ended March 30 was 1.10, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.19 for the quarter ending March 30. VAALCO Energy Inc.’s EBITDA margin for the year ending March 30 is 64.43%, while its operating margin for the same period stands at 41.80%. Its gross profit as reported stood at $171.28 million compared to revenue of $354.33 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 7.10%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $3.47 million in the quarter, while revenues of $17.75 million were shrunk -250.43%. The analyst consensus anticipated VAALCO Energy Inc.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.07, a -58.80% surprise. For the quarter, EBITDA amounted to $46.04 million. Shareholders own equity worth $106.77 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 09 August was 78.35%, suggesting the stock is Overbought, with historical volatility in this time frame at 54.12%.
As of today, EGY’s price is $4.44 +11.45% or $0.49 from its 5-day moving average. EGY is currently trading +15.22% higher than its 20-day SMA and +14.66% higher than its 100-day SMA. However, the stock’s current price level is +22.94% above the SMA50 and -13.43% below the SMA200.
The stochastic %K and %D were 72.05% and 64.42%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 92.31% and the average true range at 0.16, the RSI (14) stands at 72.67%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.13.
Analyst Ratings
Stifel launched coverage on VAALCO Energy Inc. (NYSE: EGY) in its analyst report released on March 01, 2023. The firm assigned the stock a Buy rating. 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 3 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 $7.80 and $9.00, with a median target of $8.56. Taking a look at these predictions, the average price target given by analysts for VAALCO Energy Inc. (EGY) stock is $8.48.
