Vaalco Energy Inc (NYSE: EGY) stock enjoyed a major increase of 12.6% on 3/25/24. The shares closed at $6.95. Moreover, this advance was accompanied by exceptionally high trading volume at 496% of normal. The stock has been strong relative to the market over the last nine months and has risen 25.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EGY is expected to continue to be a major Value Builder.
Vaalco Energy has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Vaalco Energy has a neutral Power Rating of 53 but a good Appreciation Score of 82, and the Positive Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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