Can VAALCO Energy, Inc. (NYSE:EGY) Grab Upward Traction?

VAALCO Energy, Inc. (NYSE:EGY) moved -1.05% from the recent close and currently pricing at $1.88.  There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists.  Cheap that is in terms of price, but what about value?

Let’s take a quick look at how the price of VAALCO Energy, Inc. (NYSE:EGY) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading 10.88% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 10.85%. Using a broader approach, the stock has been trading 0.23% off of the 200-day moving average. After the latest check-in, shares are -3.09% off of the 50 day high and 24.50% away from the 50 day low number.

As we move deeper into earnings season, investors and analysts will be closely watching which companies look they are getting things right. Many investors will be following which companies beat or miss the estimates by a wide margin. Large surprise factors can cause a stock to jump or fall shortly after the actual numbers are released. Investors may also be tracking which industry leaders come out on top during the latest round of earnings reports. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year.

In terms of performance, shares of VAALCO Energy, Inc. (NYSE:EGY) are 27.89% since the start of 2016. Over the past week, shares are 2.73%. Moving out to look at the previous month performance, the stock is at 3.87%. For the quarter, performance is at 32.39%. During the past six months, VAALCO Energy, Inc. (NYSE:EGY)’s stock has been -14.55% and -14.55% for the last 12 months.

Many investors enter the stock market without a plan in place. Investment goals may be a highly important part of coming out on top. Investors may need to set realistic and measureable goals in order to build a baseline for success. Defining investment goals clearly can help keep individual investors from making common mistakes and losing their shirts. Creating a plan for entering the equity market may start by setting up goals and outlining the objectives of the individual. These goals can differ depending on the person and situation. Many investors will opt to follow strategies put in place by others. This may work fine for some, but not as well for others. Keeping a close eye on particular stocks in the portfolio may help the investor when the time comes to adjust the holdings. Being able to adapt to rapidly changing market environments may turn out to be immensely important when the winds of uncertainty blow in.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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