Vaalco Energy Inc (NYSE:EGY – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.89 and traded as high as $5.27. Vaalco Energy shares last traded at $5.2250, with a volume of 1,271,416 shares.
Analysts Set New Price Targets
Several research analysts recently weighed in on EGY shares. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings lowered Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Vaalco Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.30.
Get Our Latest Stock Analysis on Vaalco Energy
Vaalco Energy Stock Down 1.8%
Vaalco Energy (NYSE:EGY – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 45.86% and a negative return on equity of 12.74%. The company had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $78.20 million. On average, research analysts predict that Vaalco Energy Inc will post 0.11 EPS for the current fiscal year.
Vaalco Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 22nd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.25 annualized dividend and a yield of 4.8%. Vaalco Energy’s dividend payout ratio (DPR) is -18.25%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Vaalco Energy by 1.2% during the third quarter. Vanguard Group Inc. now owns 7,093,682 shares of the energy company’s stock valued at $28,517,000 after acquiring an additional 81,203 shares in the last quarter. American Century Companies Inc. increased its position in shares of Vaalco Energy by 7.2% during the third quarter. American Century Companies Inc. now owns 4,740,856 shares of the energy company’s stock worth $19,058,000 after acquiring an additional 316,570 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vaalco Energy by 10.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,028,909 shares of the energy company’s stock worth $25,545,000 after acquiring an additional 389,058 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Vaalco Energy by 4.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 3,378,835 shares of the energy company’s stock worth $21,422,000 after acquiring an additional 150,175 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Vaalco Energy by 154.9% during the fourth quarter. UBS Group AG now owns 1,326,729 shares of the energy company’s stock worth $4,829,000 after acquiring an additional 806,283 shares during the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.
About Vaalco Energy
Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.
The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.
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