Jul. 8 at 4:57 PM
My fellow
$EGY investors. Movement is going as I predicted.
RSI, MACD, and CCI show a strong buy on daily charts, with 10 buy signals and no sell signals. The Fibonacci pivot point is around
$3.87, suggesting the current
$4 price has broken key resistance.
The stock trades above its 50-day and 200-day moving averages, a bullish signal.
Volatility and Beta: A beta of 1.10–1.18 indicates moderate volatility, aligning with energy sector trends but not excessive risk.
Analyst confidence stems from
$EGY robust operational performance and attractive valuation metrics... despite commodity price volatility.
2024 Full-Year Performance: Revenue grew 5.26% to
$478.99 million, with earnings of
$57.78 million. Reserves increased by 57%, signaling long-term production potential.
Valuation Metrics: Trailing P/E ratio of 5.03, forward P/E of 18.87, and EV/EBITDA of 1.45 suggest the stock is undervalued relative to peers.
Things move right &
$6-8 per within 12 months.
