VAALCO Energy (NYSE:EGY – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
VAALCO Energy Trading Up 1.9 %
EGY opened at $6.77 on Thursday. VAALCO Energy has a one year low of $3.51 and a one year high of $7.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.79 and a quick ratio of 1.77. The business has a 50 day simple moving average of $5.62 and a two-hundred day simple moving average of $4.82. The firm has a market capitalization of $698.65 million, a price-to-earnings ratio of 12.08 and a beta of 1.29.
VAALCO Energy (NYSE:EGY – Get Free Report) last announced its earnings results on Wednesday, March 13th. The energy company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The company had revenue of $149.15 million during the quarter, compared to the consensus estimate of $130.53 million. Analysts predict that VAALCO Energy will post 1.23 EPS for the current year.
Hedge Funds Weigh In On VAALCO Energy
VAALCO Energy Company Profile
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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