Vaalco Energy Inc (NYSE:EGY – Get Free Report) shares traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $6.24 and last traded at $6.2350. 373,019 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,405,903 shares. The stock had previously closed at $6.52.
Analyst Ratings Changes
Several brokerages have recently issued reports on EGY. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Vaalco Energy in a research note on Friday, August 7th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $7.30.
View Our Latest Report on Vaalco Energy
Vaalco Energy Stock Performance
Vaalco Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, August 21st will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.0%. Vaalco Energy’s dividend payout ratio (DPR) is presently -23.58%.
Institutional Investors Weigh In On Vaalco Energy
A number of hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in Vaalco Energy during the second quarter worth $41,000. Pasadena Private Wealth LLC bought a new stake in shares of Vaalco Energy in the 1st quarter worth about $63,000. Persistent Asset Partners Ltd purchased a new position in shares of Vaalco Energy during the 2nd quarter worth about $61,000. SmartHarvest Portfolios LLC bought a new position in Vaalco Energy during the 2nd quarter valued at about $62,000. Finally, State of Wyoming purchased a new stake in Vaalco Energy in the 1st quarter worth about $86,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Vaalco Energy Company Profile
VAALCO Energy, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, the company focuses primarily on international upstream oil and gas activities.
VAALCO’s operations have included offshore and onshore assets in Africa, with interests in the Etame Marin field offshore Gabon and producing properties in Egypt. The company has also held exploration and development interests in Equatorial Guinea and Canada.
Read More
- Five stocks we like better than Vaalco Energy
- Qualcomm’s Discount Could Vanish If Its AI Bet Pays Off
- Micron’s AI Memory Boom Could Send Shares 100% Higher
- Apple Stock Surges After Its Biggest Product Launch in Years—Can It Last?
- The Ultimate Cyber Shield: CrowdStrike Rises Past $235
Receive News & Ratings for Vaalco Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vaalco Energy and related companies with MarketBeat.com's FREE daily email newsletter.
