StockNews.com Upgrades VAALCO Energy (NYSE:EGY) to Buy

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 Wednesday.

VAALCO Energy Price Performance

EGY stock opened at $4.94 on Wednesday. VAALCO Energy has a 52 week low of $4.03 and a 52 week high of $7.51. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $6.00. The firm has a market capitalization of $511.97 million, a P/E ratio of 5.81 and a beta of 1.18.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The business had revenue of $140.33 million for the quarter, compared to the consensus estimate of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same quarter last year, the business earned $0.07 EPS. Analysts anticipate that VAALCO Energy will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VAALCO Energy

Several institutional investors have recently made changes to their positions in EGY. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 882,827 shares during the last quarter. Foundry Partners LLC increased its stake in VAALCO Energy by 156.8% in the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock worth $6,891,000 after buying an additional 733,084 shares during the period. American Century Companies Inc. increased its stake in VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock worth $17,643,000 after buying an additional 701,568 shares during the period. Charles Schwab Investment Management Inc. increased its stake in VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after buying an additional 386,071 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in VAALCO Energy in the 3rd quarter worth about $1,676,000. Institutional investors 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.