Vaalco Energy (NYSE:EGY) Given “Hold (C-)” Rating at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Vaalco Energy (NYSE:EGY) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Vaalco Energy Stock Down 1.1%

NYSE EGY opened at $3.82 on Tuesday. The business has a fifty day moving average price of $3.93 and a two-hundred day moving average price of $3.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.38. Vaalco Energy has a fifty-two week low of $3.00 and a fifty-two week high of $6.08. The stock has a market capitalization of $398.06 million, a PE ratio of 10.61 and a beta of 0.94.

Vaalco Energy (NYSE:EGY) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. Equities analysts expect that Vaalco Energy will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Friday, August 22nd. Vaalco Energy’s dividend payout ratio (DPR) is presently 69.44%.

Institutional Trading of Vaalco Energy

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in Vaalco Energy during the 1st quarter worth about $312,000. CWA Asset Management Group LLC boosted its position in shares of Vaalco Energy by 36.9% during the 1st quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company’s stock worth $413,000 after purchasing an additional 29,635 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Vaalco Energy by 7.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock worth $11,220,000 after purchasing an additional 197,790 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Vaalco Energy by 36.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,501 shares of the energy company’s stock worth $133,000 after purchasing an additional 9,544 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Vaalco Energy by 32.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock worth $2,773,000 after purchasing an additional 182,489 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.