Published on 16 Apr 2024 on Simply Wall St. via Yahoo Finance
VAALCO Energy, Inc.'s (NYSE:EGY) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
VAALCO Energy (NYSE:EGY) has had a great run on the share market with its stock up by a significant 58% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Specifically, we decided to study VAALCO Energy's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.