First Sabrepoint Capital Manageme has recently announced that it has increased stake in VAALCO Energy Inc. (NYSE:EGY) by 42.42%. After grabbing 2.35 million shares, the institutional investor is now in possession of 0.7 million shares of the Energy Company. The new investment brought the stake of investor firm to 2.19% having worth around $10.06 million. Moreover, Geode Capital Management LLC increased its share by 0.11 million to have a control over 1.99 million shares. And Kornitzer Capital Management, Inc raised its holdings to 0.21 million shares by acquiring 1.82 million shares or 1.69% of the stake.
VAALCO Energy Inc. (EGY) concluded trading on 05/25/23 at a closing price of $3.92, with 1.18 million shares of worth about $4.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.87% during that period and on Thursday the price saw a loss of about -4.85%. Currently the company’s common shares owned by public are about 106.77M shares, out of which, 104.34M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.97 and could fall to a lowest price of $8.40. The stock’s current price level is 56.92% above of average price target set by the analysts, while a rise to estimated low would result in gain of 53.33% for the stock. However, touching the estimated high of $9.97 would mean a gain of 60.68% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 361,808 shares in 17 of the transactions. In 20 selling transactions, insiders dumped 194,194 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and SPDR S&P Oil & Gas Exploration & are the top 3 mutual funds which are holding stakes in VAALCO Energy Inc. Vanguard Total Stock Market ETF is currently holding 3.34 million shares of worth totaling $14.31 million. The company recently came buying 0.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. iShares Russell 2000 ETF sold 33040.0 shares, after which its hold over company’s outstanding shares shrunk to 2.11%, leaving 2.26 million shares with the mutual fund that have a worth of about $9.67 million. SPDR S&P Oil & Gas Exploration &, after buying 2.14 million shares, have now control over 1.99% of the stake in the company. It holds 39210.0 shares of worth $9.14 million.
VAALCO Energy Inc. (NYSE: EGY) started trading at $3.97, below -$0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 4.0200, or with a loss of -4.85%. Stock saw a price change of -0.25% in past 5 days and over the past one month there was a price change of -3.92%. Year-to-date (YTD), EGY shares are showing a performance of -14.04% which decreased to -38.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.51 but also hit the highest price of $8.77 during that period. The average intraday trading volume for VAALCO Energy Inc. shares is 1.68 million. The stock is currently trading -2.17% below its 20-day simple moving average (SMA20), while that difference is down -7.06% for SMA50 and it goes to -16.32% lower than SMA200.
First Sabrepoint Capital Manageme acquired 2.35 million shares of VAALCO Energy Inc. having value of about $10.06 million. Data submitted at the U.S SEC by First Sabrepoint Capital Manageme revealed that the firm now holds 0.7 million shares in the company valued at close to $2744000.0, or have control over 42.42% stake in the company. VAALCO Energy Inc. (NYSE: EGY) currently have 106.77M outstanding shares and institutions hold larger chunk of about 33.20% of that. Holding of mutual funds in the company is about 24.50% while other institutional holders and individual stake holders have control over 28.22% and 10.65% of the stake respectively.
The stock has a current market capitalization of $421.75M and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 5.22, while it has posted earnings per share of $0.75 in the same period. Its PEG reads 2.61 and has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EGY, volatility over the week remained 3.50% while standing at 4.13% over the month.
Analysts are in expectations that VAALCO Energy Inc. (EGY) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -46.80% while it is estimated to increase by 62.18% in next year. EPS is likely to grow at an annualized rate of 2.00% for next 5-years, compared to annual growth of -7.00% made by the stock over the past 5-years.
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