Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Vaalco Energy Inc (NYSE: EGY) fell significantly in the last week. EGY’s current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
Vaalco Energy Inc (NYSE: EGY) stock declined slightly by -0.6% on 4/26/24. The stock closed at $6.39. However, this decline was accompanied by unusually low trading volume at 66% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.8% during the last week.
Current PriceTarget Research Rating
EGY is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Vaalco Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Vaalco Energy has a poor Appreciation Score of 19 but a good Power Rating of 72, leading to the Low Neutral Value Trend Rating.
Be the first to comment