VAALCO Energy (NYSE:EGY) Trading Down 2.5%

VAALCO Energy, Inc. (NYSE:EGY) shares were down 2.5% during mid-day trading on Tuesday . The stock traded as low as $6.20 and last traded at $6.22. Approximately 126,259 shares traded hands during trading, a decline of 88% from the average daily volume of 1,030,053 shares. The stock had previously closed at $6.38.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EGY shares. Roth Mkm upped their target price on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th.

VAALCO Energy Stock Up 2.0 %

The business has a 50 day moving average of $6.50 and a 200-day moving average of $5.97. The stock has a market cap of $673.52 million, a PE ratio of 10.85 and a beta of 1.19. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.25%. The firm had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. During the same period last year, the firm posted $0.11 EPS. Equities research analysts predict that VAALCO Energy, Inc. will post 0.41 EPS for the current fiscal year.

VAALCO Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, August 23rd. VAALCO Energy’s dividend payout ratio is currently 41.67%.

Institutional Trading of VAALCO Energy

Large investors have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new stake in shares of VAALCO Energy during the second quarter worth $28,000. Simplicity Solutions LLC acquired a new stake in shares of VAALCO Energy during the 4th quarter worth $52,000. Bleakley Financial Group LLC purchased a new position in shares of VAALCO Energy in the 4th quarter worth $52,000. Innealta Capital LLC acquired a new position in VAALCO Energy in the second quarter valued at $60,000. Finally, Arkadios Wealth Advisors purchased a new stake in VAALCO Energy during the second quarter valued at about $64,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

About VAALCO Energy

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.