VAALCO Energy (NYSE:EGY) Shares Cross Above Two Hundred Day Moving Average of $5.52

VAALCO Energy, Inc. (NYSE:EGY) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.52 and traded as high as $6.50. VAALCO Energy shares last traded at $6.49, with a volume of 438,140 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Roth Mkm lifted their target price on VAALCO Energy from $7.25 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th.

VAALCO Energy Price Performance

The firm has a market capitalization of $671.46 million, a price-to-earnings ratio of 10.82 and a beta of 1.19. The business has a fifty day moving average of $6.23 and a two-hundred day moving average of $5.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.66.

VAALCO Energy (NYSE:EGY) last posted its earnings results on Tuesday, May 7th. The energy company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $100.16 million during the quarter, compared to the consensus estimate of $91.23 million. VAALCO Energy had a return on equity of 14.04% and a net margin of 13.60%. As a group, research analysts predict that VAALCO Energy, Inc. will post 0.47 EPS for the current fiscal year.

VAALCO Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 17th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, May 16th. VAALCO Energy’s dividend payout ratio is currently 41.67%.

Institutional Investors Weigh In On VAALCO Energy

A number of large investors have recently modified their holdings of EGY. Caprock Group LLC acquired a new stake in VAALCO Energy in the first quarter valued at $71,000. Simplicity Solutions LLC bought a new stake in shares of VAALCO Energy during the fourth quarter worth about $52,000. Bleakley Financial Group LLC bought a new position in shares of VAALCO Energy in the fourth quarter valued at approximately $52,000. Simplicity Wealth LLC purchased a new position in VAALCO Energy during the 1st quarter worth $83,000. Finally, Arcadia Investment Management Corp MI increased its stake in VAALCO Energy by 9,600.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 14,550 shares of the energy company’s stock valued at $101,000 after buying an additional 14,400 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.