Positive News Coverage Extremely Likely to Impact Vaalco Energy (EGY) Stock Price
Headlines about Vaalco Energy (NYSE:EGY) have trended positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vaalco Energy earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Separately, National Securities reissued a “neutral” rating and issued a $2.00 price target on shares of Vaalco Energy in a report on Wednesday, March 15th.
Shares of Vaalco Energy (NYSE:EGY) opened at 0.9018 on Thursday. Vaalco Energy has a one year low of $0.70 and a one year high of $1.43. The company has a 50 day moving average price of $0.98 and a 200 day moving average price of $1.04. The company’s market cap is $52.84 million.
Vaalco Energy (NYSE:EGY) last released its quarterly earnings data on Monday, May 8th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Vaalco Energy had a positive return on equity of 37.50% and a negative net margin of 21.75%. The company had revenue of $21.27 million for the quarter. Equities research analysts expect that Vaalco Energy will post $0.15 earnings per share for the current year.
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About Vaalco Energy
VAALCO Energy, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support.
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