Vaalco Energy (NYSE:EGY) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Vaalco Energy (NYSE:EGY) released its earnings results on Monday. The energy company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06), Zacks reports. Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.The business had revenue of $61.01 million during the quarter, compared to the consensus estimate of $74.30 million.

Vaalco Energy Stock Up 1.3%

NYSE:EGY opened at $3.97 on Tuesday. The business’s fifty day moving average price is $3.96 and its 200 day moving average price is $3.75. The firm has a market capitalization of $413.90 million, a price-to-earnings ratio of 11.03 and a beta of 0.88. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. Vaalco Energy has a 1-year low of $3.00 and a 1-year high of $5.88.

Wall Street Analyst Weigh In

Several research firms have issued reports on EGY. Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Vaalco Energy in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vaalco Energy currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Vaalco Energy

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Vaalco Energy by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 39,765 shares of the energy company’s stock valued at $144,000 after purchasing an additional 2,885 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Vaalco Energy by 31.1% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 15,641 shares of the energy company’s stock valued at $56,000 after buying an additional 3,712 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Vaalco Energy by 14.5% during the 1st quarter. NewEdge Advisors LLC now owns 54,171 shares of the energy company’s stock valued at $204,000 after acquiring an additional 6,840 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Vaalco Energy by 89.3% in the second quarter. Tower Research Capital LLC TRC now owns 19,907 shares of the energy company’s stock worth $72,000 after acquiring an additional 9,391 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Vaalco Energy by 6.8% during the second quarter. Rhumbline Advisers now owns 165,629 shares of the energy company’s stock worth $598,000 after acquiring an additional 10,538 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

About Vaalco Energy

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.