5 Cheap Energy Stocks To Buy

3. VAALCO Energy, Inc. (NYSE:EGY)

Forward Price To Earnings Ratio: 3.12

Number of Hedge Fund Investors In Q2 2023: 11

VAALCO Energy, Inc. (NYSE:EGY) is an American oil firm with operations in Africa. The firm has been in a world of trouble as of late since it has missed analyst EPS estimates in all of its five latest quarters. Yet, more than half of its outstanding shares are owned by institutional investors, lending some credibility to the stock.

Insider Monkey dug through 910 hedge fund holdings for this year’s second quarter and found that 11 had bought and owned VAALCO Energy, Inc. (NYSE:EGY)’s shares. George Baxter’s Sabrepoint Capital owns the largest stake among these, which is worth $10.5 million and comes via 2.7 million shares.

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