Vaalco Energy (NYSE:EGY) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Vaalco Energy Inc (NYSE:EGYGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.97 and traded as high as $5.59. Vaalco Energy shares last traded at $5.5450, with a volume of 840,343 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vaalco Energy presently has an average rating of “Reduce” and a consensus target price of $7.30.

View Our Latest Analysis on EGY

Vaalco Energy Price Performance

The stock’s fifty day moving average price is $5.88 and its 200-day moving average price is $5.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.47. The firm has a market cap of $580.42 million, a price-to-earnings ratio of -4.06 and a beta of 0.10.

Vaalco Energy (NYSE:EGYGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $62.60 million for the quarter, compared to analyst estimates of $78.20 million. Equities research analysts predict that Vaalco Energy Inc will post 0.11 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The firm also recently announced 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. This represents a $0.25 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 22nd. Vaalco Energy’s payout ratio is currently -18.25%.

Institutional Trading of Vaalco Energy

Several large investors have recently added to or reduced their stakes in EGY. Kestra Advisory Services LLC bought a new stake in shares of Vaalco Energy during the 4th quarter worth $31,000. Pasadena Private Wealth LLC bought a new stake in shares of Vaalco Energy during the 1st quarter worth $63,000. CIBC Bancorp USA Inc. bought a new stake in shares of Vaalco Energy during the 3rd quarter worth $44,000. Caprock Group LLC bought a new stake in shares of Vaalco Energy during the 3rd quarter worth $44,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Vaalco Energy during the 3rd quarter worth $47,000. 50.32% of the stock is owned by institutional investors.

Vaalco Energy Company Profile

(Get Free Report)

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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