VAALCO Energy (NYSE:EGY) Trading Down 2.5%

VAALCO Energy, Inc. (NYSE:EGY) shares were down 2.5% during trading on Tuesday . The company traded as low as $6.20 and last traded at $6.22. Approximately 126,259 shares changed hands during trading, a decline of 88% from the average daily volume of 1,030,053 shares. The stock had previously closed at $6.38.

Analyst Ratings Changes

A number of equities research analysts recently commented on EGY shares. StockNews.com cut shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Roth Mkm raised their price objective on shares of VAALCO Energy from $7.25 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th.

VAALCO Energy Stock Performance

The company’s fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $5.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.66. The company has a market capitalization of $654.90 million, a price-to-earnings ratio of 10.63 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.25% and a net margin of 17.82%. The firm had revenue of $116.78 million for the quarter, compared to the consensus estimate of $119.30 million. During the same quarter in the previous year, the business earned $0.11 EPS. Equities research analysts predict that VAALCO Energy, Inc. will post 0.41 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 23rd will be given a $0.063 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 3.98%. VAALCO Energy’s dividend payout ratio (DPR) is 41.67%.

Institutional Trading of VAALCO Energy

Several hedge funds and other institutional investors have recently modified their holdings of EGY. Mercer Global Advisors Inc. ADV acquired a new stake in shares of VAALCO Energy during the second quarter worth approximately $220,000. Dimensional Fund Advisors LP lifted its position in VAALCO Energy by 7,129.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock worth $5,613,000 after buying an additional 882,827 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of VAALCO Energy during the 2nd quarter valued at $296,000. DekaBank Deutsche Girozentrale purchased a new position in shares of VAALCO Energy during the 2nd quarter valued at $93,000. Finally, Cornercap Investment Counsel Inc. boosted its position in VAALCO Energy by 116.5% during the second quarter. Cornercap Investment Counsel Inc. now owns 176,179 shares of the energy company’s stock valued at $1,105,000 after purchasing an additional 94,806 shares during the last quarter. Institutional investors and hedge funds 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.