Are VAALCO Energy Inc. (EGY) stocks a prudent buy?

A share price of VAALCO Energy Inc. [EGY] is currently trading at $4.20, up up 6.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The EGY shares have lost -6.04% over the last week, with a monthly amount drifted -20.75%, and not seem to be holding up well over a long-time horizon.

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On 27, September 2022, VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame. In a post published today on Yahoo Finance, VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (“SEENT”) platform in the Etame field, offshore Gabon. Additionally, the Company provided an operational update on the Teli Floating Storage and Offloading vessel (“FSO”) installation and field reconfiguration at Etame.

From an analyst’s perspective:

VAALCO Energy Inc. [NYSE: EGY] stock has seen the most recent analyst activity on April 13, 2021, when ROTH Capital upgraded its rating to a Buy. Previously, ROTH Capital downgraded its rating to Neutral on April 12, 2021. On March 24, 2021, ROTH Capital initiated with a Buy rating and assigned a price target of $4 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $2.70 on October 18, 2019. RBC Capital Mkts reiterated its recommendation of a Outperform and reduced its price target to $5 on August 10, 2015. RBC Capital Mkts reiterated a Sector Perform rating for this stock on April 15, 2009, and downed its price target to $6. In a note dated August 13, 2008, RBC Capital Mkts reiterated an Sector Perform rating on this stock and boosted its target price from $5 to $7.

VAALCO Energy Inc. experienced fluctuations in its stock price throughout the past year between $2.62 and $8.77. Currently, Wall Street analysts expect the stock to reach $9.50 within the next 12 months. VAALCO Energy Inc. [NYSE: EGY] shares were valued at $4.20 at the most recent close of the market. An investor can expect a potential return of 126.19% based on the average price forecast.

Analyzing the EGY fundamentals

During the last quarter, VAALCO Energy Inc. [NYSE:EGY] saw sales of 110.98 billion, an improvement of 136.20%. Gross Margin for this corporation currently stands at +47.81% with Operating Margin at +39.73%, Pretax Margin comes in at +30.03%, and Net Margin reading is +40.49%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.02 points at the first support level, and at 3.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.37, and for the 2nd resistance point, it is at 4.53.

Ratios To Look Out For

A current ratio of 1.00 is a noteworthy aspect of VAALCO Energy Inc. [NYSE:EGY]. On the other hand, the Quick Ratio is 1.03, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.30 and the P/E (TTM) ratio is 2.65.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Doornik Jason, CAO & Controller, that happened on Mar 14 when 6000.0 shares were sold. Director, FAWTHROP ANDREW LAWRENCE completed a deal on Mar 14 to sell 35000.0 shares. Meanwhile, Director Radoff Bradley Louis sold 100000.0 shares on Nov 17.