VAALCO Energy, Inc. (NYSE: EGY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that VAALCO Energy, Inc. Announces Finalization of Agreements in Equatorial Guinea.

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Stocks Info

EGY belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. The current market capitalization of VAALCO Energy, Inc. is $744.58M. A total of 1.97 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, LaFehr Edward David bought 332 shares of EGY for 4.25 per share on Sep 22 ’23. After the transaction, the Director now owns 47,010 company shares. In a previous transaction on Aug 31 ’23, Maxwell George W.M. bought 5,000 shares at 4.11 per share. EGY shares that Chief Executive Officer owns now total 247,289.

Among the insiders who bought shares, FAWTHROP ANDREW LAWRENCE acquired of 4,000 shares on Aug 31 ’23 at a per-share price of $4.11. This resulted in the Director holding 408,458 shares of EGY after the transaction. In another insider transaction, LaFehr Edward David bought 280 shares at $3.71 per share on Jun 23 ’23. Company shares held by the Director now total 46,678.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. VAALCO Energy, Inc. pays an annual dividend of $0.25, resulting in a dividend yield of 3.47%, and it has a price to earnings (P/E) ratio of 12.76. EGY’s most recent ex-dividend date was 3/7/2024 when it declared a $0.0630 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/21/2023 with an ex-dividend date of 11/22/2023. The EGY stock dividend was $0.0625 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EGY has a high of $7.05 and a low of $3.51.

As of this writing, EGY has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.25. The company reported an EPS of $0.07 in the last quarter, which was -50.00% lower than expectations of $0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $4.59, while its Total Shareholder’s Equity was $144.30M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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