Extremely significant positive changes in Vaalco Energy Inc (NYSE: EGY) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EGY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important 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 51 but a very high Appreciation Score of 85, leading to the Positive Value Trend Rating.
Recent Price Action
Vaalco Energy Inc (NYSE: EGY) stock closed at $5.77 on 3/18/24 after a large increase of 4.2%. Moreover, exceptionally high trading volume at 308% of normal accompanied the advance. The stock has risen 34.5% during the last week and has been strong relative to the market over the last nine months.
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