Vaalco Energy (NYSE:EGY) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Vaalco Energy (NYSE:EGY) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Other research analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Vaalco Energy in a report on Wednesday, November 5th. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Vaalco Energy Stock Down 2.4%

Shares of EGY opened at $3.85 on Friday. The company’s 50-day simple moving average is $3.95 and its 200-day simple moving average is $3.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. Vaalco Energy has a 1 year low of $3.00 and a 1 year high of $5.47. The stock has a market capitalization of $400.87 million, a PE ratio of 10.68 and a beta of 0.88.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Vaalco Energy had a return on equity of 4.64% and a net margin of 8.26%.The business had revenue of $61.01 million for the quarter, compared to analysts’ expectations of $74.30 million. Analysts forecast that Vaalco Energy will post 0.43 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, November 21st will be paid a $0.0625 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.25 dividend on an annualized basis and a yield of 6.5%. Vaalco Energy’s dividend payout ratio (DPR) is currently 92.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of Vaalco Energy by 32.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock valued at $2,773,000 after buying an additional 182,489 shares in the last quarter. Victory Capital Management Inc. lifted its position in Vaalco Energy by 10.5% in the first quarter. Victory Capital Management Inc. now owns 75,913 shares of the energy company’s stock valued at $285,000 after acquiring an additional 7,235 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Vaalco Energy in the first quarter valued at $242,000. Signaturefd LLC boosted its stake in Vaalco Energy by 545.7% in the second quarter. Signaturefd LLC now owns 7,380 shares of the energy company’s stock valued at $27,000 after acquiring an additional 6,237 shares in the last quarter. Finally, CSM Advisors LLC acquired a new position in Vaalco Energy in the second quarter valued at $6,608,000. Hedge funds and other 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.