VAALCO Energy, Inc. (EGY): What’s the Story?

VAALCO Energy, Inc. (EGY) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $2.75, up from yesterday’s close by 6.18%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

VAALCO Energy, Inc. (EGY) currently trades with a market capitalization of $163.30 Million. That value represents a market adjusting for revenues that have been growing by 30.00 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $15.76 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 8.26% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how EGY has been acting. Looking at the stock’s movement on the chart, VAALCO Energy, Inc. recorded a 52-week high of $2.96. It is now trading 0.21% off that level. The stock is trading $1.88 its 50-day moving average by -0.87%. The stock carved out a 52-week low down at $0.68.

In recent action, VAALCO Energy, Inc. (EGY) has made a move of +17.52% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.54, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.61% with $55.19 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EGY.

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