VAALCO Energy, Inc. (NYSE:EGY – Get Free Report)’s share price traded down 9.4% on Tuesday . The company traded as low as $5.90 and last traded at $5.90. 367,955 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,016,122 shares. The stock had previously closed at $6.51.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Roth Mkm increased their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th.
Check Out Our Latest Stock Report on EGY
VAALCO Energy Trading Down 1.7 %
VAALCO Energy (NYSE:EGY – Get Free Report) last issued its earnings results on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The business had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. During the same period last year, the company posted $0.11 earnings per share. On average, sell-side analysts expect that VAALCO Energy, Inc. will post 0.59 EPS for the current fiscal year.
VAALCO Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is presently 41.67%.
Hedge Funds Weigh In On VAALCO Energy
Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in VAALCO Energy by 48.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,375 shares of the energy company’s stock valued at $105,000 after buying an additional 7,662 shares during the period. Private Advisor Group LLC increased its holdings in VAALCO Energy by 10.6% during the fourth quarter. Private Advisor Group LLC now owns 36,923 shares of the energy company’s stock valued at $166,000 after buying an additional 3,538 shares during the period. BNP Paribas Financial Markets increased its holdings in VAALCO Energy by 22.5% during the fourth quarter. BNP Paribas Financial Markets now owns 95,615 shares of the energy company’s stock valued at $429,000 after buying an additional 17,546 shares during the period. Jump Financial LLC purchased a new position in VAALCO Energy during the fourth quarter valued at approximately $502,000. Finally, Quotient Wealth Partners LLC purchased a new position in VAALCO Energy during the fourth quarter valued at approximately $272,000. 50.32% of the stock is owned by hedge funds and other institutional investors.
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.
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