VAALCO Energy (NYSE:EGY) Shares Up 6.1%

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

EGY has been the subject of several recent research reports. TheStreet upgraded VAALCO Energy from a “c+” rating to a “b” rating in a research note on Monday, March 7th. StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 24th.

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.78. The company has a 50-day moving average price of $7.09 and a 200-day moving average price of $5.56. The firm has a market capitalization of $473.57 million, a PE ratio of 5.71 and a beta of 1.77.

VAALCO Energy (NYSE:EGYGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The energy company reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $68.66 million for the quarter, compared to the consensus estimate of $55.30 million. During the same period in the prior year, the business earned $0.15 earnings per share. On average, research analysts predict that VAALCO Energy, Inc. will post 2.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, May 25th will be given a dividend of $0.032 per share. The ex-dividend date is Tuesday, May 24th. This represents a $0.13 annualized dividend and a yield of 1.59%. VAALCO Energy’s dividend payout ratio (DPR) is presently 9.22%.

A number of large investors have recently made changes to their positions in the business. Barclays PLC grew its stake in shares of VAALCO Energy by 244.4% in the third quarter. Barclays PLC now owns 10,790 shares of the energy company’s stock valued at $32,000 after buying an additional 7,657 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of VAALCO Energy by 37.2% in the third quarter. Goldman Sachs Group Inc. now owns 24,567 shares of the energy company’s stock valued at $72,000 after buying an additional 6,667 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $944,000 after purchasing an additional 122,823 shares in the last quarter. LPL Financial LLC bought a new position in VAALCO Energy during the 3rd quarter worth approximately $58,000. Finally, Two Sigma Advisers LP lifted its holdings in VAALCO Energy by 20.5% during the 3rd quarter. Two Sigma Advisers LP now owns 152,505 shares of the energy company’s stock worth $448,000 after buying an additional 25,905 shares during the last quarter. Institutional investors own 39.88% of the company’s stock.

VAALCO Energy Company Profile (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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