Goldman Sachs Now Owns 0.71% of VAALCO Energy, Inc. (EGY)

VAALCO Energy, Inc. (NYSE:EGY) is among the best low-risk stocks to buy now. During the first quarter, Goldman Sachs Group Inc. increased its position in VAALCO Energy, Inc. (NYSE:EGY) by acquiring 182,489 shares of the company’s stock. According to the recent filing with the SEC, the institutional advisor now owns about 0.71% of the company, which means 737,435 shares worth $2,773,000.

For many, VAALCO Energy, Inc. (NYSE:EGY) is another comparatively small yet growth-oriented stock. Despite the production hitting rock bottom in the second quarter, production is set to restart as the FPSO returns from the shipyard. That being said, management is not solely relying on FPSO refurbishment; rather, progress is being actively made to initiate an offshore drilling campaign that is anticipated to significantly contribute to existing returns.

For now, we can see that VAALCO Energy, Inc. (NYSE:EGY) is in excellent financial shape, and as soon as production expands, the company is expected to double production by 2027. Through recent collaborations and late-stage projects in Africa, the company is likely to reward its investors heavily.

​VAALCO Energy, Inc. (NYSE:EGY) is a Texas-based independent energy company specializing in crude oil, natural gas, and natural gas liquids. Founded in 1985, the company is dedicated to providing reliable energy solutions.

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Disclosure: None.