Vaalco Energy Inc (NYSE: EGY) stock enjoyed a major increase of 19.7% on 3/14/24. The shares closed at $5.34. Moreover, this advance was accompanied by exceptionally high trading volume at 871% of normal. The stock has been strong relative to the market over the last nine months and has risen 25.9% during the last week.
Current PriceTarget Research Rating
EGY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Vaalco Energy has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Vaalco Energy has a very high Appreciation Score of 98 but a neutral Power Rating of 48, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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