VAALCO Energy (NYSE:EGY) Trading Up 6.1%

VAALCO Energy, Inc. (NYSE:EGYGet Rating) shares were up 6.1% during trading on Thursday . The stock traded as high as $8.65 and last traded at $8.54. Approximately 50,195 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,291,595 shares. The stock had previously closed at $8.05.

Several research analysts have recently commented on EGY shares. TheStreet raised VAALCO Energy from a “c+” rating to a “b” rating in a report on Monday, March 7th. StockNews.com downgraded VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 24th.

The firm has a fifty day simple moving average of $7.09 and a 200-day simple moving average of $5.56. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.01. The stock has a market cap of $473.57 million, a price-to-earnings ratio of 5.71 and a beta of 1.77.

VAALCO Energy (NYSE:EGYGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The energy company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. VAALCO Energy had a return on equity of 42.80% and a net margin of 36.91%. The firm had revenue of $68.66 million for the quarter, compared to the consensus estimate of $55.30 million. During the same quarter in the prior year, the business earned $0.15 EPS. On average, equities analysts predict that VAALCO Energy, Inc. will post 2.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Wednesday, May 25th will be issued a dividend of $0.032 per share. This represents a $0.13 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, May 24th. VAALCO Energy’s dividend payout ratio is 9.22%.

A number of large investors have recently bought and sold shares of EGY. Morgan Dempsey Capital Management LLC raised its position in shares of VAALCO Energy by 5.5% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 39,101 shares of the energy company’s stock valued at $255,000 after acquiring an additional 2,023 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of VAALCO Energy by 19.9% during the 1st quarter. Qube Research & Technologies Ltd now owns 14,767 shares of the energy company’s stock valued at $96,000 after acquiring an additional 2,446 shares during the last quarter. Northern Trust Corp raised its position in shares of VAALCO Energy by 2.7% during the 4th quarter. Northern Trust Corp now owns 142,246 shares of the energy company’s stock valued at $457,000 after acquiring an additional 3,678 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of VAALCO Energy by 56.7% during the 1st quarter. Ritholtz Wealth Management now owns 17,032 shares of the energy company’s stock valued at $111,000 after acquiring an additional 6,165 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of VAALCO Energy during the 1st quarter valued at $40,000. 39.88% of the stock is currently owned by hedge funds and other institutional investors.

About VAALCO Energy (NYSE:EGY)

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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