Vaalco Energy Inc (NYSE:EGY – Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $5.74 and traded as high as $5.92. Vaalco Energy shares last traded at $5.7950, with a volume of 1,371,093 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vaalco Energy in a report on Friday, August 7th. Wall Street Zen upgraded Vaalco Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $7.30.
Get Our Latest Analysis on Vaalco Energy
Vaalco Energy Stock Performance
Vaalco Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, August 21st were paid a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.25 dividend on an annualized basis and a yield of 4.3%. Vaalco Energy’s dividend payout ratio (DPR) is presently -23.58%.
Hedge Funds Weigh In On Vaalco Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in Vaalco Energy during the second quarter valued at approximately $41,000. Savant Capital LLC bought a new position in shares of Vaalco Energy during the fourth quarter worth $56,000. Persistent Asset Partners Ltd acquired a new position in shares of Vaalco Energy in the 2nd quarter valued at $61,000. SmartHarvest Portfolios LLC acquired a new position in shares of Vaalco Energy in the 2nd quarter valued at $62,000. Finally, Pasadena Private Wealth LLC acquired a new position in shares of Vaalco Energy in the 1st quarter valued at $63,000. 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. The company’s portfolio is focused primarily on assets in Africa and other international markets, with activities spanning exploration, field development, production operations and related infrastructure.
VAALCO has historically operated the Etame Marin field offshore Gabon, one of its principal producing assets. The company has also expanded its international portfolio through interests in Egypt and Equatorial Guinea, giving it exposure to both offshore and onshore oil operations.
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