NEW YORK (

TheStreet

) --

VAALCO Energy

(NYSE:

EGY

) hit a new 52-week high Friday as it is currently trading at $9.28, above its previous 52-week high of $9.22 with 342,425 shares traded as of 10:45 a.m. ET. Average volume has been 580,600 shares over the past 30 days.

VAALCO Energy has a market cap of $363.3 million and is part of the

basic materials

sector and

energy

industry. Shares are up 45.7% year to date as of the close of trading on Thursday.

VAALCO Energy, Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company has a P/E ratio of 14.8, above the average energy industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates VAALCO Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

VAALCO Energy Ratings Report

.

See all

52-week high stocks

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