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Wednesday, December 6, 2023

Analyst Expects VAALCO Energy, Inc. (NYSE: EGY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for VAALCO Energy, Inc. (EGY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.72%, to $4.22. The VAALCO Energy, Inc. has recorded 9,200 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed VAALCO Energy, Inc. Announces Third Quarter 2023 Results.

Stocks Info

As a NYSE listed company, EGY falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $4.19 and fluctuated between $4.2100 as its day high and $4.0100 as its day low. The current market capitalization of VAALCO Energy, Inc. is $440.62M. A total of 1.53 million shares were traded on the day, compared to an average of 976.55K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EGY has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 18,000 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 21 SELLs from insiders. Insiders purchased 1,091,263 shares during that period but sold 150,188.

In the most recent transaction, Maxwell George W.M. bought 5,000 shares of EGY for 4.11 per share on Aug 31. After the transaction, the Chief Executive Officer now owns 247,289 company shares. In a previous transaction on Aug 31, FAWTHROP ANDREW LAWRENCE bought 4,000 shares at 4.11 per share. EGY shares that Director owns now total 408,458.

Among the insiders who bought shares, Bain Ronald Y acquired of 5,000 shares on May 25 at a per-share price of $3.95. This resulted in the Chief Financial Officer holding 26,244 shares of EGY after the transaction. In another insider transaction, Stubbs Catherine L bought 6,693 shares at $3.73 per share on May 16. Company shares held by the Director now total 108,107.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. VAALCO Energy, Inc. pays an annual dividend of $0.28, resulting in a dividend yield of 6.68%, and it has a price to earnings (P/E) ratio of 13.23. EGY’s most recent ex-dividend date was 11/22/2023 when it declared a $0.0625 quarterly dividend that was paid in cash on 12/21/2023. Previously, the company paid the dividend on 9/22/2023 with an ex-dividend date of 8/24/2023. The EGY stock dividend was $0.0630 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EGY in the last 3 months, the mean price target is $8.67 with high estimates of $9.00 and low estimates of $7.80. In terms of 52-week highs and lows, EGY has a high of $5.59 and a low of $3.51.

As of this writing, EGY has an earnings estimate of $Eldorado Gold Corporation per share for the current quarter. EPS was calculated based on a consensus of Pagaya Technologies Ltd. estimates, with a high estimate of $Everest Group, Ltd. per share and a lower estimate of $VAALCO Energy, Inc..

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EGY’s latest balance sheet shows that the firm has $48.67M in Cash & Short Term Investments as of fiscal 2021. There were $10.23M in debt and $84.26M in liabilities at the time. Its Book Value Per Share was $4.20, while its Total Shareholder’s Equity was $144.30M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EGY is Buy with a score of 5.00.

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