VAALCO Energy (NYSE:EGY) Stock Rating Upgraded by StockNews.com

VAALCO Energy (NYSE:EGY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

VAALCO Energy Price Performance

Shares of EGY opened at $4.34 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $5.00. The firm has a market capitalization of $455.59 million, a price-to-earnings ratio of 5.10 and a beta of 1.16. VAALCO Energy has a twelve month low of $3.57 and a twelve month high of $7.51.

VAALCO Energy (NYSE:EGY) last issued its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $121.72 million for the quarter, compared to the consensus estimate of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. Equities analysts forecast that VAALCO Energy will post 0.43 EPS for the current fiscal year.

Institutional Trading of VAALCO Energy

Several hedge funds and other institutional investors have recently made changes to their positions in EGY. IFP Advisors Inc acquired a new stake in shares of VAALCO Energy in the fourth quarter valued at about $27,000. CIBC Private Wealth Group LLC acquired a new position in VAALCO Energy during the fourth quarter worth about $38,000. Atria Wealth Solutions Inc. acquired a new position in VAALCO Energy during the fourth quarter worth about $44,000. First Manhattan CO. LLC. acquired a new position in VAALCO Energy during the fourth quarter worth about $50,000. Finally, Virtu Financial LLC acquired a new position in VAALCO Energy during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

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.