VAALCO Energy (NYSE:EGY) Rating Lowered to “Hold” at StockNews.com

VAALCO Energy (NYSE:EGY) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

VAALCO Energy Stock Down 7.2 %

NYSE EGY opened at $4.38 on Thursday. 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 company has a market cap of $454.39 million, a price-to-earnings ratio of 5.15 and a beta of 1.18. The company has a 50 day moving average of $5.35 and a 200-day moving average of $5.96. VAALCO Energy has a 1-year low of $4.03 and a 1-year high of $7.51.

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

Institutional Trading of VAALCO Energy

Several large investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in VAALCO Energy during the second quarter worth $60,000. nVerses Capital LLC bought a new stake in shares of VAALCO Energy during the 3rd quarter worth $60,000. Crestmont Private Wealth LLC acquired a new stake in VAALCO Energy in the third quarter valued at about $63,000. Arkadios Wealth Advisors bought a new position in VAALCO Energy in the second quarter valued at about $64,000. Finally, Zacks Investment Management raised its stake in VAALCO Energy by 19.6% during the third quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock worth $89,000 after acquiring an additional 2,527 shares in the last quarter. 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.