Vaalco Energy (NYSE:EGY) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Vaalco Energy (NYSE:EGY) posted its quarterly earnings data on Monday. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08), Zacks reports. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.

Vaalco Energy Trading Up 1.3%

Shares of Vaalco Energy stock traded up $0.05 during trading hours on Monday, reaching $3.97. The stock had a trading volume of 691,939 shares, compared to its average volume of 864,562. The firm has a market capitalization of $413.90 million, a price-to-earnings ratio of 11.03 and a beta of 0.88. Vaalco Energy has a 1 year low of $3.00 and a 1 year high of $5.88. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Vaalco Energy in a research note on Wednesday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Vaalco Energy by 1.2% in the third quarter. Vanguard Group Inc. now owns 7,093,682 shares of the energy company’s stock worth $28,517,000 after acquiring an additional 81,203 shares in the last quarter. State of Wyoming purchased a new stake in Vaalco Energy during the 2nd quarter worth $174,000. Evergreen Capital Management LLC acquired a new stake in Vaalco Energy in the 2nd quarter valued at $59,000. Tower Research Capital LLC TRC increased its holdings in Vaalco Energy by 89.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,907 shares of the energy company’s stock valued at $72,000 after purchasing an additional 9,391 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Vaalco Energy in the second quarter valued at about $84,000. 50.32% of the stock is 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.