CSM Advisors LLC Acquires New Shares in Vaalco Energy Inc $EGY

CSM Advisors LLC acquired a new position in Vaalco Energy Inc (NYSE:EGY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,830,994 shares of the energy company’s stock, valued at approximately $6,608,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS lifted its position in Vaalco Energy by 7.1% in the first quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock valued at $11,220,000 after buying an additional 197,790 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Vaalco Energy by 36.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,501 shares of the energy company’s stock valued at $133,000 after acquiring an additional 9,544 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Vaalco Energy by 32.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock worth $2,773,000 after acquiring an additional 182,489 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Vaalco Energy in the 1st quarter worth approximately $242,000. Finally, Victory Capital Management Inc. boosted its position in shares of Vaalco Energy by 10.5% during the 1st quarter. Victory Capital Management Inc. now owns 75,913 shares of the energy company’s stock worth $285,000 after purchasing an additional 7,235 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Vaalco Energy Price Performance

Shares of NYSE EGY opened at $3.93 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. The company’s fifty day moving average is $3.95 and its two-hundred day moving average is $3.74. Vaalco Energy Inc has a one year low of $3.00 and a one year high of $5.88. The firm has a market capitalization of $409.21 million, a P/E ratio of 10.90 and a beta of 0.88.

Vaalco Energy (NYSE:EGY) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The firm had revenue of $96.89 million during the quarter, compared to the consensus estimate of $89.40 million. Analysts forecast that Vaalco Energy Inc will post 0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EGY has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vaalco Energy in a research report on Wednesday. Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vaalco Energy currently has an average rating of “Hold”.

Vaalco Energy Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.