VAALCO Energy, Inc. (NYSE: EGY) stock jumped 2.64% on Monday to $4.67 against a previous-day closing price of $4.55. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $4.7000 whereas the lowest price it dropped to was $4.5500. The 52-week range on EGY shows that it touched its highest point at $5.59 and its lowest point at $3.51 during that stretch. It currently has a 1-year price target of $8.67. With its current market cap of 491.10 million, EGY has annualized dividend of $0.28 while the current yield stands at 6.00%. Beta for the stock currently stands at 1.35.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EGY was up-trending over the past week, with a rise of 13.63%, but this was up by 3.09% over a month. Three-month performance dropped to -0.85% while six-month performance rose 16.17%. The stock lost -13.04% in the past year, while it has gained 2.41% so far this year. A look at the trailing 12-month EPS for EGY yields 0.32 with Next year EPS estimates of 1.11. For the next quarter, that number is 0.20. This implies an EPS growth rate of -64.43% for this year and 108.96% for next year. EPS is expected to grow by 2.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.58%.
Float and Shares Shorts:
At present, 107.85 million EGY shares are outstanding with a float of 103.41 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.05 million, which was 1.94% higher than short shares on Sep 28, 2023. In addition to Mr. George Walter-Mitchell Maxwell as the firm’s CEO & Director, Mr. Ronald Y. Bain serves as its Chief Financial Officer.
Through their ownership of 54.48% of EGY’s outstanding shares, institutional investors have majority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EGY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EGY analysts setting a high price target of $9.00 and a low target of $7.80, the average target price over the next 12 months is $8.67. Based on these targets, EGY could surge 92.72% to reach the target high and rise by 67.02% to reach the target low. Reaching the average price target will result in a growth of 85.65% from current levels.
Summary of Insider Activity:
Insiders traded EGY stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 18,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 1,071,851 while 130,776 shares were sold.