Can VAALCO Energy Inc. (NYSE:EGY) Stock Be A Good Mid-Term Investment?

VAALCO Energy Inc. (NYSE:EGY) price closed higher on Friday, August 12, jumping 0.77% above its previous close.

A look at the daily price movement shows that the last close reads $5.20, with intraday deals fluctuated between $5.00 and $5.255. The company’s 5Y monthly beta was ticking 1.77 while its P/E ratio in the trailing 12-month period read 3.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.77 and 52-week low of $2.06. The stock added 0.77% on its value in the past month.

VAALCO Energy Inc., which has a market valuation of $306.28 million, is expected to release its quarterly earnings report Nov 01, 2021 – Nov 05, 2021. The company stock has a Forward Dividend ratio of 0.13, while the dividend yield is 2.48%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking EGY have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $1.69 for the year 2022 and up to $2.33 for 2023. In this case, analysts estimate an annual EPS growth of 52.30% for the year and 37.90% for the next year.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EGY a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned EGY a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the VAALCO Energy Inc. (EGY) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that EGY’s price is at present -0.10% off the SMA20 and -19.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.47, with weekly volatility standing at 6.86%. The indicator jumps to 7.09% when calculated based on the past 30 days. VAALCO Energy Inc. (NYSE:EGY)’s beta value is holding at 1.55, while the average true range (ATR) indicator is currently reading 0.41.

Turning out attention to how the VAALCO Energy Inc. stock has performed in comparison to its peers in the industry, here’s what we find: EGY’s stock is 0.77% on the day and 99.24% in the past 12 months. Elsewhere in the market, the S&P 500 Index has rallied 1.73% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 1.27%.

An analysis of the VAALCO Energy Inc. (NYSE:EGY) stock in terms of its daily trading volume indicates that the 3-month average is 2.18 million. However, this figure increases on the past 10-day timeline to an average of 2.08 million.

Current records show that the company has 58.92M in outstanding shares. The insiders’ percentage holdings are 1.60% of outstanding shares while the percentage share held by institutions stands at 46.50%. The stats also highlight that short interest as of Jul 14, 2022, stood at 4.28 million shares, which puts the short ratio at the time at 1.34. From this we can glean that short interest is 7.15% of company’s current outstanding shares. Notably, we see that shares short in July rose slightly given the previous month’s figure stood at 1.09 million. But the 63.24% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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