Vaalco Energy (NYSE:EGY) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Vaalco Energy Inc (NYSE:EGY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.92 and traded as high as $5.07. Vaalco Energy shares last traded at $4.9850, with a volume of 820,025 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EGY shares. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. Loop Capital set a $7.30 price target on Vaalco Energy in a report on Friday, January 16th. Finally, Weiss Ratings raised Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.30.

Vaalco Energy Stock Performance

The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $519.74 million, a PE ratio of 18.46 and a beta of 0.27. The firm’s fifty day moving average price is $4.07 and its 200 day moving average price is $3.92.

Vaalco Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 10th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Vaalco Energy had a net margin of 7.40% and a return on equity of 1.02%. The firm had revenue of $61.01 million for the quarter, compared to analyst estimates of $74.30 million. On average, research analysts anticipate that Vaalco Energy Inc will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Vaalco Energy

Hedge funds have recently added to or reduced their stakes in the company. CSM Advisors LLC bought a new position in Vaalco Energy during the second quarter valued at approximately $6,608,000. UBS Group AG raised its holdings in shares of Vaalco Energy by 154.9% during the 4th quarter. UBS Group AG now owns 1,326,729 shares of the energy company’s stock valued at $4,829,000 after purchasing an additional 806,283 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Vaalco Energy during the 2nd quarter valued at $2,770,000. AQR Capital Management LLC lifted its stake in shares of Vaalco Energy by 228.0% in the 1st quarter. AQR Capital Management LLC now owns 744,296 shares of the energy company’s stock valued at $2,799,000 after purchasing an additional 517,368 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Vaalco Energy in the fourth quarter worth $1,638,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

Vaalco Energy Company Profile

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.