Alert: Positive Investment/Fundamental Signals (8/15/24)-Vaalco Energy Inc (NYSE: EGY)

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Notable positive changes in Vaalco Energy Inc (NYSE: EGY) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Vaalco Energy Inc (NYSE: EGY). Important positive changes in investment behavior have recently occurred: its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Vaalco Energy has a good Appreciation Score of 74 and a very high Power Rating of 93, leading to the Highest Value Trend Rating.

Recent Price Action

Vaalco Energy Inc (NYSE: EGY) stock increased 1.2% on 8/15/24. The shares closed at $6.59. However, this advance was accompanied by below average trading volume at 75% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.9% during the last week.

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