VAALCO Energy (NYSE:EGY) Shares Gap Down to $5.68

VAALCO Energy, Inc. (NYSE:EGY) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.68, but opened at $5.53. VAALCO Energy shares last traded at $5.57, with a volume of 72,499 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on EGY. StockNews.com downgraded shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Roth Mkm lifted their target price on VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th.

VAALCO Energy Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19. The company has a market capitalization of $590.28 million, a PE ratio of 9.45 and a beta of 1.18. The company has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.34.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.09. The company had revenue of $116.78 million during 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 business earned $0.11 EPS. Equities analysts forecast that VAALCO Energy, Inc. will post 0.59 EPS for the current year.

VAALCO Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, August 23rd. VAALCO Energy’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of VAALCO Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock valued at $41,988,000 after buying an additional 124,853 shares during the period. American Century Companies Inc. boosted its stake in VAALCO Energy by 33.2% in the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after acquiring an additional 701,568 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in shares of VAALCO Energy by 5.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock valued at $15,161,000 after purchasing an additional 134,615 shares during the last quarter. First Sabrepoint Capital Management LP grew its holdings in shares of VAALCO Energy by 5.3% during the first quarter. First Sabrepoint Capital Management LP now owns 1,790,000 shares of the energy company’s stock valued at $12,476,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of VAALCO Energy by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock worth $8,268,000 after purchasing an additional 76,779 shares during the period. Institutional investors 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.