VAALCO Energy Rises On Unusually High Volume (EGY)

NEW YORK ( TheStreet) -- VAALCO Energy (NYSE: EGY) is trading at unusually high volume Tuesday with 2.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.15 (+15.3%) at $8.64 as of 3:30 p.m. ET.

VAALCO Energy has a market cap of $363.3 million and is part of the basic materials sector and energy industry. Shares are up 24% year to date as of the close of trading on Monday.

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 12.9, above the average energy industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VAALCO Energy as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full VAALCO Energy Ratings Report.

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