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VAALCO Energy Inc. (NYSE: EGY) Stocks Fall -8.77% YTD; What Next For It?

VAALCO Energy Inc. (NYSE:EGY)’s traded shares stood at 7.14 million during the last session, with the company’s beta value hitting 1.60. At the close of trading, the stock’s price was $4.16, to imply a decrease of -1.42% or -$0.06 in intraday trading. The EGY share’s 52-week high remains $8.77, putting it -110.82% down since that peak but still an impressive 6.73% since price per share fell to its 52-week low of $3.88. The company has a valuation of $462.68M, with an average of 1.95 million shares in intraday trading volume over the past 10 days and average of 1.31 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for VAALCO Energy Inc. (EGY), translating to a mean rating of 1.50. Of 3 analyst(s) looking at the stock, 0 analyst(s) give EGY a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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VAALCO Energy Inc. (NYSE:EGY) trade information

After registering a -1.42% downside in the last session, VAALCO Energy Inc. (EGY) has traded red over the past five days. The stock hit a weekly high of 4.69 this Friday, 03/17/23, dropping -1.42% in its intraday price action. The 5-day price performance for the stock is -9.57%, and -13.69% over 30 days. With these gigs, the year-to-date price performance is -8.77%. Short interest in VAALCO Energy Inc. (NYSE:EGY) saw shorts transact 4.99 million shares and set a 4.57 days time to cover.

Analysts on Wall Street suggest a consensus price target of $9.35, implying an increase of 55.51% to the stock’s current value. The extremes give us $8.85 and $9.56 for target low and target high price respectively. As such, EGY has been trading -129.81% off suggested target high and -112.74% from its likely low.

VAALCO Energy Inc. (EGY) estimates and forecasts

Looking at statistics comparing VAALCO Energy Inc. share performance against respective industry, we note that the company has underperformed competitors. VAALCO Energy Inc. (EGY) shares are -10.54% down over the last 6 months, with its year-to-date growth rate lower than industry average at -44.53% against -20.10%. The rating firms project that company’s revenue will grow 90.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 0 analysts is $110.98 million.

EGY Dividends

VAALCO Energy Inc. has its next earnings report out between May 01 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. VAALCO Energy Inc. has a forward dividend ratio of 0.25, with the share yield ticking at 6.01% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

VAALCO Energy Inc. (NYSE:EGY)’s Major holders

VAALCO Energy Inc. insiders hold 2.25% of total outstanding shares, with institutional holders owning 36.36% of the shares at 37.20% float percentage. In total, 36.36% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 3.71 million shares (or 3.42% of shares), all amounting to roughly $16.17 million.

The next major institution holding the largest number of shares is Wilen Investment Management Corp. with 3.13 million shares, or about 2.89% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $13.65 million.

We also have SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the VAALCO Energy Inc. (EGY) shares. Going by data provided on Dec 30, 2022, SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF holds roughly 5.44 million shares. This is just over 5.02% of the total shares, with a market valuation of $24.83 million. Data from the same date shows that the other fund manager holds a little less at 2.42 million, or 2.23% of the shares, all valued at about 11.02 million.

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