Vaalco Energy (NYSE:EGY) Upgraded to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Vaalco Energy (NYSE:EGY – Free Report) from a sell rating to a hold rating in a research note released on Sunday morning.

Several other equities research analysts have also commented on the stock. Weiss Ratings upgraded shares of Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. Loop Capital set a $7.30 target price on shares of Vaalco Energy in a research report on Friday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.30.

Read Our Latest Research Report on Vaalco Energy

Vaalco Energy Stock Performance

NYSE EGY opened at $4.50 on Friday. Vaalco Energy has a 1-year low of $3.00 and a 1-year high of $4.62. The company has a market capitalization of $469.17 million, a P/E ratio of 16.67 and a beta of 0.22. The business has a 50 day moving average price of $3.63 and a 200 day moving average price of $3.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 0.99.

Vaalco Energy (NYSE:EGY – Get Free Report) last posted its earnings results on Monday, November 10th. The energy company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $61.01 million for the quarter, compared to analysts’ expectations of $74.30 million. Vaalco Energy had a return on equity of 1.02% and a net margin of 7.40%. Sell-side analysts expect that Vaalco Energy will post 0.43 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, November 21st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, November 21st. Vaalco Energy’s dividend payout ratio is 92.59%.

Institutional Investors Weigh In On Vaalco Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Vaalco Energy by 545.7% during the second quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after buying an additional 6,237 shares during the period. PNC Financial Services Group Inc. raised its holdings in Vaalco Energy by 810.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,410 shares of the energy company’s stock valued at $27,000 after acquiring an additional 6,596 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Vaalco Energy during the 2nd quarter worth $29,000. CWM LLC boosted its holdings in shares of Vaalco Energy by 91.1% during the third quarter. CWM LLC now owns 8,469 shares of the energy company’s stock worth $34,000 after purchasing an additional 4,038 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Vaalco Energy in the third quarter valued at $41,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

Vaalco Energy Company Profile

(Get Free Report)

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.

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