VAALCO Energy (EGY) Scheduled to Post Quarterly Earnings on Tuesday

VAALCO Energy (NYSE:EGYGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

VAALCO Energy (NYSE:EGYGet Rating) last posted its earnings results on Wednesday, March 9th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. VAALCO Energy had a return on equity of 39.26% and a net margin of 41.11%. The business had revenue of $56.38 million during the quarter, compared to analysts’ expectations of $46.97 million. During the same period in the prior year, the business earned ($0.10) EPS.

NYSE:EGY traded down $0.18 during trading hours on Thursday, reaching $6.39. 8,119 shares of the stock were exchanged, compared to its average volume of 1,218,372. VAALCO Energy has a twelve month low of $2.06 and a twelve month high of $8.23. The firm has a 50 day moving average of $6.45 and a 200 day moving average of $4.72. The stock has a market cap of $374.89 million, a PE ratio of 4.62 and a beta of 1.88.

The company also recently declared a — dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 18th were given a dividend of $0.0325 per share. The ex-dividend date of this dividend was Thursday, February 17th. VAALCO Energy’s dividend payout ratio (DPR) is currently 9.42%.

A number of equities analysts have weighed in on the company. TheStreet raised VAALCO Energy from a “c+” rating to a “b” rating in a research report on Monday, March 7th. Zacks Investment Research raised VAALCO Energy from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Friday, March 4th. Finally, StockNews.com downgraded VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 24th.

In related news, CAO Jason Doornik sold 6,000 shares of the stock in a transaction on Monday, March 14th. The stock was sold at an average price of $5.83, for a total value of $34,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew Lawrence Fawthrop sold 35,000 shares of the stock in a transaction on Monday, March 14th. The shares were sold at an average price of $5.53, for a total value of $193,550.00. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in VAALCO Energy by 0.7% in the 4th quarter. BlackRock Inc. now owns 946,666 shares of the energy company’s stock valued at $3,039,000 after acquiring an additional 6,249 shares during the period. Dimensional Fund Advisors LP increased its position in VAALCO Energy by 62.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 320,922 shares of the energy company’s stock worth $944,000 after buying an additional 122,823 shares during the period. Marshall Wace LLP bought a new position in VAALCO Energy during the 4th quarter worth $915,000. Millennium Management LLC bought a new position in VAALCO Energy during the 4th quarter worth $501,000. Finally, Goldman Sachs Group Inc. increased its position in VAALCO Energy by 75.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 43,219 shares of the energy company’s stock worth $139,000 after buying an additional 18,652 shares during the period. Institutional investors and hedge funds own 39.37% of the company’s stock.

About VAALCO Energy (Get Rating)

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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Earnings History for VAALCO Energy (NYSE:EGY)

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