VAALCO Energy Reaches New 52-Week High (EGY)

NEW YORK ( TheStreet) -- VAALCO Energy (NYSE: EGY) hit a new 52-week high Monday as it is currently trading at $9.89, above its previous 52-week high of $9.85 with 229,203 shares traded as of 11:19 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 56.5% year to date as of the close of trading on Friday.

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 16.2, 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 buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. 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.

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