Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Vaalco Energy Inc (NYSE: EGY) improved during the last several trading days. EGY’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/31/24, Vaalco Energy Inc (NYSE: EGY) stock increased 1.4%, closing at $6.38. Moreover, this advance was accompanied by exceptionally high trading volume at 270% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.3% during the last week.
Current PriceTarget Research Rating
EGY’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Vaalco Energy has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Vaalco Energy has a neutral Appreciation Score of 57 but a good Power Rating of 78, producing the Positive Value Trend Rating.
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