In a filing, VAALCO Energy, Inc. revealed its Director LaFehr Edward David acquired Company’s shares for reported $1411.0 on Sep 22 ’23. In the deal valued at $4.25 per share,332 shares were bought. As a result of this transaction, LaFehr Edward David now holds 47,010 shares worth roughly $0.34 million.
Then, Maxwell George W.M. bought 5,000 shares, generating $20,550 in total proceeds. Upon buying the shares at $4.11, the Chief Executive Officer now owns 247,289 shares.
Before that, FAWTHROP ANDREW LAWRENCE bought 4,000 shares. VAALCO Energy, Inc. shares valued at $16,432 were divested by the Director at a price of $4.11 per share. As a result of the transaction, FAWTHROP ANDREW LAWRENCE now holds 408,458 shares, worth roughly $2.98 million.
Stifel initiated its VAALCO Energy, Inc. [EGY] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. ROTH Capital also remained covering EGY and has decreased its forecast on April 12, 2021 with a “Neutral” recommendation from previously “Buy” rating. ROTH Capital started covering the stock on March 24, 2021. It rated EGY as “a Buy”.
Price Performance Review of EGY
On Friday, VAALCO Energy, Inc. [NYSE:EGY] saw its stock jump 0.69% to $7.29. Over the last five days, the stock has gained 4.59%. VAALCO Energy, Inc. shares have risen nearly 62.36% since the year began. Nevertheless, the stocks have risen 48.17% over the past one year. While a 52-week high of $7.51 was reached on 04/04/24, a 52-week low of $3.51 was recorded on 02/05/24. SMA at 50 days reached $5.03, while 200 days put it at $4.52. A total of 1.17 million shares were traded, compared to the trading of 1.22 million shares in the previous session.
Levels Of Support And Resistance For EGY Stock
The 24-hour chart illustrates a support level at 7.18, which if violated will result in even more drops to 7.07. On the upside, there is a resistance level at 7.37. A further resistance level may holdings at 7.45. The Relative Strength Index (RSI) on the 14-day chart is 79.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.46%. Stochastics %K at 92.27% indicates the stock is a selling.
How much short interest is there in VAALCO Energy, Inc.?
A steep rise in short interest was recorded in VAALCO Energy, Inc. stocks on Mar 15, 2024, growing by 0.54 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.31 million shares. There was a rise of 18.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.86.
The most recent change occurred on October 18, 2019 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $2.70 price target.
