Vaalco Energy (NYSE:EGY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Vaalco Energy Inc (NYSE:EGY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.13 and traded as high as $5.22. Vaalco Energy shares last traded at $5.0450, with a volume of 1,741,968 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EGY shares. Wall Street Zen lowered shares of Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vaalco Energy has an average rating of “Reduce” and an average target price of $7.30.

Vaalco Energy Stock Performance

The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $512.44 million, a P/E ratio of -3.59 and a beta of 0.10. The business’s 50 day simple moving average is $5.71 and its two-hundred day simple moving average is $5.14.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 45.86% and a negative return on equity of 12.74%. The firm had revenue of $62.60 million for the quarter, compared to analysts’ expectations of $78.20 million. Sell-side analysts anticipate that Vaalco Energy Inc will post 0.11 EPS for the current fiscal year.

Vaalco Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 22nd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.1%. Vaalco Energy’s dividend payout ratio (DPR) is presently -18.25%.

Institutional Investors Weigh In On Vaalco Energy

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in Vaalco Energy during the fourth quarter valued at approximately $31,000. CIBC Bancorp USA Inc. bought a new stake in shares of Vaalco Energy in the third quarter worth $44,000. Qube Research & Technologies Ltd purchased a new stake in Vaalco Energy during the third quarter valued at $47,000. StoneX Group Inc. bought a new position in Vaalco Energy in the fourth quarter valued at about $48,000. Finally, Quantbot Technologies LP bought a new position in Vaalco Energy in the third quarter valued at about $55,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

Vaalco Energy Company Profile

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.