Shares of Vaalco Energy Inc (NYSE:EGY – Get Free Report) were down 6.4% during mid-day trading on Monday. The company traded as low as $5.99 and last traded at $6.0270. 408,054 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,392,021 shares. The stock had previously closed at $6.44.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EGY. Weiss Ratings upgraded Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. Wall Street Zen raised Vaalco Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.30.
Check Out Our Latest Report on EGY
Vaalco Energy Stock Performance
The business’s fifty day moving average is $6.05 and its 200-day moving average is $5.62. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.60. The company has a market cap of $624.30 million, a PE ratio of -5.59 and a beta of 0.21.
Vaalco Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, August 21st were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, August 21st. Vaalco Energy’s dividend payout ratio (DPR) is currently -23.58%.
Institutional Investors Weigh In On Vaalco Energy
A number of hedge funds have recently modified their holdings of EGY. Integrated Wealth Concepts LLC purchased a new stake in shares of Vaalco Energy in the 2nd quarter worth $41,000. Persistent Asset Partners Ltd purchased a new position in shares of Vaalco Energy during the 2nd quarter valued at about $61,000. SmartHarvest Portfolios LLC purchased a new position in shares of Vaalco Energy during the 2nd quarter valued at about $62,000. Cypress Capital LLC purchased a new position in shares of Vaalco Energy during the 3rd quarter valued at about $74,000. Finally, State of Wyoming purchased a new position in shares of Vaalco Energy during the 1st quarter valued at about $86,000. 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, natural gas and natural gas liquids. The company focuses primarily on producing assets and development opportunities in Africa and other international markets.
Vaalco has historically operated offshore Gabon, where it developed and produced oil from the Etame Marin field. The company has also expanded its international portfolio through interests and operations in Egypt, Equatorial Guinea and Côte d’Ivoire.
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