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Oil and Gas Momentum Stock Watch List: TALO, UEC, EGY

Here’s a round-up of the top three Nasdaq stock movers in the oil and gas sector trading on Thursday. Keep an eye on the following stocks.

Talos Energy Inc (NYSE: TALO) continues to move higher and is one of the biggest winners in the oil and gas sector last month. The stock was up 3% on Thursday to $ 11.35. The stock saw above average volume with more than 526,000 shares changing hands compared to an average volume of 923,000. The stock opened at $ 11.36 and was hovering over a broad range of $ 11.27-11.81.

Uranium Energy Corp. (NYSEAMERICAN: UEC) gained momentum as the stock rose 2.15% to close at $ 2.32. The stock moved within a broad range of $ 2.2562 to $ 2.3700. The share has risen by around 29% since the beginning of the year. Additionally, the stock is up nearly 3% over the past 6 months. The stock is trading 36% below its 52-week high and 185% above its 52-week low.

VAALCO Energy Inc. (NYSE: EGY) is another pacemaker in the oil and gas sector. The stock is up 1.30% to $ 2.39. More than 62,000 were traded, which is below the average volume of 257,000 shares. For the past 52 weeks, the stock has moved in a range of $ 0.8050 to $ 3.7000. The stock is up 33% so far in 2021 and 8% over the past 6 months. The stock trades in the neutral zone as the RSI stands at 44.

Another oil and gas stock to watch out for is Allied Energy (OTCMKTS: AGYP). After gaining solid momentum in July, the stock posted profit posting from the high. Despite the recent correction, AGYP stock is still up 485% at the end of the year. The stock is now trading at around 26 cents key support. Given the recent movement, a rapid recovery can be seen. AGYP released a positive Q2 financial report that showed a strategy of large reductions in operating and net losses through drastic spending cuts. The created free cash flow was then reinvested in the company’s main activity: leasing oil wells and applying new technologies to make them commercially new again. AGYP’s management team and long-term investors see a bright future.

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