Vaalco Energy Inc (NYSE:EGY – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.05 and traded as high as $5.47. Vaalco Energy shares last traded at $5.4350, with a volume of 1,355,296 shares traded.
Wall Street Analyst Weigh In
EGY has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Vaalco Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vaalco Energy has an average rating of “Reduce” and an average price target of $7.30.
View Our Latest Analysis on Vaalco Energy
Vaalco Energy Price Performance
Vaalco Energy (NYSE:EGY – Get Free Report) last issued its earnings results 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 firm had revenue of $62.60 million during the quarter, compared to analyst estimates of $78.20 million. On average, research analysts forecast that Vaalco Energy Inc will post 0.11 earnings per share for the current year.
Vaalco Energy Announces Dividend
The company 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 dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, May 22nd. Vaalco Energy’s payout ratio is currently -18.25%.
Institutional Investors Weigh In On Vaalco Energy
A number of large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Vaalco Energy in the 4th quarter valued at $31,000. Caprock Group LLC bought a new stake in shares of Vaalco Energy during the 3rd quarter worth $44,000. CIBC Bancorp USA Inc. bought a new stake in shares of Vaalco Energy during the 3rd quarter worth $44,000. Qube Research & Technologies Ltd acquired a new stake in Vaalco Energy in the third quarter valued at about $47,000. Finally, StoneX Group Inc. acquired a new stake in Vaalco Energy in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 50.32% of the company’s stock.
Vaalco Energy Company Profile
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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