VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.56, but opened at $5.38. VAALCO Energy shares last traded at $5.38, with a volume of 115,075 shares.
VAALCO Energy Price Performance
The business has a 50 day moving average price of $5.98 and a two-hundred day moving average price of $6.28. The stock has a market cap of $560.20 million, a PE ratio of 6.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19.
VAALCO Energy (NYSE:EGY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.09. The company had revenue of $116.78 million for the quarter, compared to analysts' expectations of $119.30 million. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. During the same quarter in the previous year, the firm posted $0.11 EPS. Research analysts expect that VAALCO Energy, Inc. will post 0.59 earnings per share for the current fiscal year.
VAALCO Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were issued a $0.063 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.67%. VAALCO Energy's dividend payout ratio (DPR) is presently 30.86%.
Institutional Investors Weigh In On VAALCO Energy
Hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in VAALCO Energy during the 2nd quarter valued at $28,000. Innealta Capital LLC bought a new stake in VAALCO Energy during the 2nd quarter valued at $60,000. Arkadios Wealth Advisors bought a new stake in VAALCO Energy during the 2nd quarter valued at $64,000. nVerses Capital LLC bought a new stake in VAALCO Energy during the 3rd quarter valued at $60,000. Finally, Crestmont Private Wealth LLC bought a new stake in VAALCO Energy during the 3rd quarter valued at $63,000. Institutional investors own 50.32% of the company's stock.
About VAALCO Energy
(
Get Free Report)
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.
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