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Vaalco Energy (EGY) Dips More Than Broader Markets: What You Should Know
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Vaalco Energy (EGY - Free Report) closed the most recent trading day at $4.08, moving -1.21% from the previous trading session. This change lagged the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 10.47%.
Coming into today, shares of the oil and natural gas explorer had lost 9.23% in the past month. In that same time, the Oils-Energy sector gained 7.91%, while the S&P 500 gained 2.61%.
Wall Street will be looking for positivity from Vaalco Energy as it approaches its next earnings report date. The company is expected to report EPS of $0.49, up 40% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $140.29 million, up 104.33% from the prior-year quarter.
EGY's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $640.8 million. These results would represent year-over-year changes of +46.98% and +80.85%, respectively.
Investors might also notice recent changes to analyst estimates for Vaalco Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Vaalco Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Vaalco Energy currently has a Forward P/E ratio of 1.89. This valuation marks a discount compared to its industry's average Forward P/E of 6.27.
The Oil and Gas - Exploration and Production - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Vaalco Energy (EGY) Dips More Than Broader Markets: What You Should Know
Vaalco Energy (EGY - Free Report) closed the most recent trading day at $4.08, moving -1.21% from the previous trading session. This change lagged the S&P 500's 0.38% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 10.47%.
Coming into today, shares of the oil and natural gas explorer had lost 9.23% in the past month. In that same time, the Oils-Energy sector gained 7.91%, while the S&P 500 gained 2.61%.
Wall Street will be looking for positivity from Vaalco Energy as it approaches its next earnings report date. The company is expected to report EPS of $0.49, up 40% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $140.29 million, up 104.33% from the prior-year quarter.
EGY's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $640.8 million. These results would represent year-over-year changes of +46.98% and +80.85%, respectively.
Investors might also notice recent changes to analyst estimates for Vaalco Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Vaalco Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Vaalco Energy currently has a Forward P/E ratio of 1.89. This valuation marks a discount compared to its industry's average Forward P/E of 6.27.
The Oil and Gas - Exploration and Production - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.