VAALCO Energy, Inc. (EGY) – Don’t Be So Quick to Call it Dead

VAALCO Energy, Inc. (NYSE: EGY) is -5.79% lower on its value in year-to-date trading and has touched a low of $3.51 and a high of $5.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EGY stock was last observed hovering at around $4.17 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $4.23, the stock is -1.97% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 1.44% at the moment leaves the stock -1.11% off its SMA200. EGY registered -9.81% loss for a year compared to 6-month gain of -3.86%. The firm has a 50-day simple moving average (SMA 50) of $0.94 and a 200-day simple moving average (SMA200) of $1.94.

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The stock witnessed a -4.30% loss in the last 1 month and extending the period to 3 months gives it a 0.95%, and is -0.47% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.85% over the month.

VAALCO Energy, Inc. (EGY) has around 185 employees, a market worth around $444.83M and $402.50M in sales. Current P/E ratio is 13.36 and Fwd P/E is 3.87. Profit margin for the company is 8.41%. Distance from 52-week low is 20.51% and -18.97% from its 52-week high. The company has generated returns on investments over the last 12 months (6.48%).

VAALCO Energy, Inc. quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $144.9M over the same period.The EPS is expected to shrink by -68.01% this year, but quarterly earnings will post 21.60% year-over-year. Quarterly sales are estimated to grow 50.00% in year-over-year returns.

219 institutions hold shares in VAALCO Energy, Inc. (EGY), with institutional investors hold 54.10% of the company’s shares. The shares outstanding are 107.85M, and float is at 103.38M with Short Float at 2.14%. Institutions hold 53.21% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 8.36 million shares valued at $31.43 million. The investor’s holdings represent 7.85% of the EGY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.64 million shares valued at $21.21 million to account for 5.30% of the shares outstanding. The other top investors are State Street Corporation which holds 4.61 million shares representing 4.33% and valued at over $17.32 million, while First Sabrepoint Capital Management LP holds 2.54% of the shares totaling 2.7 million with a market value of $10.15 million.

VAALCO Energy, Inc. (EGY) Insider Activity

A total of 4 insider transactions have happened at VAALCO Energy, Inc. (EGY) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider purchase by Maxwell George W.M., the company’s Chief Executive Officer. SEC filings show that Maxwell George W.M. bought 5,000 shares of the company’s common stock on Aug 31 at a price of $4.11 per share for a total of $20550.0. Following the purchase, the insider now owns 0.25 million shares.

VAALCO Energy, Inc. disclosed in a document filed with the SEC on Aug 31 that FAWTHROP ANDREW LAWRENCE (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Aug 31 and was made at $4.11 per share for $16432.0. Following the transaction, the insider now directly holds 0.41 million shares of the EGY stock.

Still, SEC filings show that on May 25, Bain Ronald Y (Chief Financial Officer) acquired 5,000 shares at an average price of $3.95 for $19750.0. The insider now directly holds 26,244 shares of VAALCO Energy, Inc. (EGY).

VAALCO Energy, Inc. (EGY): Who are the competitors?

One of the company’s main competitors (and peers) include Erin Energy Corp. (ERINQ) that is trading 9,900.00% up over the past 12 months.Hyperdynamics Corp. (HDYNQ) lies in the list of competitors of the VAALCO Energy, Inc. and is -98.86% lower over the same period from EGYMarathon Oil Corp. (MRO) is -18.20% down on the 1-year trading charts.