VAALCO Energy Inc. (NYSE:EGY) does about 2.15M shares in volume on a normal day but saw 2330692 shares change hands in Wednesday trading. The company now has a market cap of 301.29M USD. Its current market price is $5.16, marking an increase of 3.41% compared to the previous close of $4.99. The 52 week high reached by this stock is $8.77 whilst the lowest price level in 52 weeks is $2.06. The script in recent trading has seen the stock touch a high of $5.16 and a low of $4.78.
VAALCO Energy Inc. (EGY) has a 20-day trading average at $5.24 and the current price is -41.16% off the 52-week high compared with 150.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.58 and its 200-day simple moving average is $5.43. If we look at the stock’s price movements over the week, volatility stands at 7.22%, which increases to 7.49% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.05 to suggest the stock is neutral.
1 analysts observing the VAALCO Energy Inc. (EGY) stock have set the 12-month price targets for the company’s shares at between $10.00 and $10.00. The consensus objective for the share price is $9.35, suggesting that the stock has a potential upside of 44.81% over the period. The median price target is 48.4% away from the current levels at $10.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
ROTH Capital initiated its price target at $4.
The current price level is -2.61%, -22.09%, and -4.72% away from its SMA20, SMA50, and SMA200 respectively, with the EGY price moving above the 50-day SMA on August 10. VAALCO Energy Inc. (EGY) stock is up 7.05% over the week and -16.23% over the past month. Its price is 60.75% year-to-date and 91.11% over the past year.
The company’s next earnings report is expected on 11/09/2022, with forecasts estimating quarterly EPS at $0 and $1.69 for whole year. EGY’s earnings per share are forecast to grow by 52.30% this year and 37.90% over next year.
Its 12-month price target is $10.00. To reach the target analysts have set, the stock logically needs to grow 44.81 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $10.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $10.00.
Outstanding shares total 58.70M with insiders holding 4.06% of the shares and institutional holders owning 45.35% of the company’s common stock. The company has a return on investment of 70.20% and return on equity of 69.20%. The price to earnings ratio (P/E ratio) amounts to 3.61 while the forward price to earnings ratio is 2.21. The beta has a value of 1.57. Price to book ratio is 1.95 and price to sales ratio is 1.32.
According to a U.S. Securities and Exchange Commission filing, SPDR S&P Oil & Gas Exploration & has added its position in VAALCO Energy Inc. (EGY) to 3,224,829 shares, mirroring a recent increase by 4.68%. SPDR S&P Oil & Gas Exploration & added 0.14 million shares of VAALCO Energy Inc. common stock bringing its total worth to about $22.38 million at the end of recent close, SEC documents show. SPDR S&P Oil & Gas Exploration & isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 0.0 shares to end up with 1,607,993 shares worth $11.16 million. iShares Russell 2000 ETF cut their holdings by -0.10% in the company over the course of the most recent quarter. It now holds a 2.20% position in VAALCO Energy Inc. thanks to 1.3 million shares amounting to $9.0 million.