As of Wednesday close, VAALCO Energy Inc.’s (NYSE:EGY) stock was down -$0.75, moving down -16.03 percent to $3.93. The average number of shares traded per day over the past five days has been 1,577,140 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.66 fall in that time frame. In the last twenty days, the average volume was 1,251,085, while in the previous 50 days, it was 1,032,054.
Since last month, EGY stock retreated -12.28%. Shares of the company fell to $3.80 on 08/30/23, the lowest level in the past month. A 52-week high of $5.87 was reached on 03/03/23 after having rallying from a 52-week low of $3.51. Since the beginning of this year, EGY’s stock price has dropped by -13.82% or -$0.63, and marked a new high 7 times. However, the stock has declined by -33.05% since its 52-week high.
EGY stock investors should be aware that VAALCO Energy Inc. (EGY) stock had its last reported insider trading activity 98 days ago on May 25. Bain Ronald Y, the Chief Financial Officer of the company, purchased of 5,000 shares for $3.95 on May 25. It resulted in a $19,750 investment by the insider. Stubbs Catherine L added 6,693 shares at an average price of $3.73 on May 16. The insider now owns 108,107 shares following the transaction. On May 16, Director LaFehr Edward David bought 5,300 shares at $3.72 apiece. The transaction was valued at $19,712.
Valuation Metrics
Right now, VAALCO Energy Inc. (EGY) has a P/E ratio of about 6.81. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 1.14, the price-to-book (PB) ratio of 0.00.
The latest dividend of $0.0630 per share was paid out, remained unchanged from last year’s $0.0630. On Tuesday May 9 2023, a $0.0005 dividend increase was announced.
Financial Health
In the three months ended June 29, VAALCO Energy Inc.’s quick ratio stood at 1.20, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.18, and the total debt-to-equity ratio was 0.19. On the profitability front, the trailing twelve-month gross margin is 69.20% percent. In the year ended June 29, EBITDA margin amounted to 64.43%, whereas operating margins totaled 27.50%. Based on annual data, EGY earned $171.28 million in gross profit and brought in $354.33 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EGY’s revenue fell -1.6% to $80.4 million during the quarter, while net income inched up to $109.24 million. While analysts expected VAALCO Energy Inc. to report $0.14 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by -21.40%. During the quarter, the company generated $58.55 million in EBITDA. The liabilities of VAALCO Energy Inc. were 377.01 million at the end of its most recent quarter ended June 29, and its total debt was $89.34 million. The value of shareholders’ equity is $106.48 million.
Technical Picture
This quick technical analysis looks at VAALCO Energy Inc.’s (EGY) price momentum. With a historical volatility rate of 86.63%, the RSI 9-day stood at 28.09% on 30 August.
With respect to its five-day moving average, the current VAALCO Energy Inc. price is down by -14.38% percent or -$0.66. At present, EGY shares trade -6.65% below its 20-day simple moving average and -11.49% percent below its 100-day simple moving average.
Stochastic coefficient K was 25.95% and Stochastic coefficient D was 30.09%, while ATR was 0.24. Given the Stochastic reading of 9.92% for the 14-day period, the RSI (14) reading has been calculated as 35.10%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at -0.28.
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 $8.13, the current consensus forecast for the stock is $7.23 – $9.00. Based on these forecasts, analysts predict VAALCO Energy Inc. (EGY) will achieve an average price target of $8.12.
