VAALCO Energy (NYSE:EGY) Shares Down 3.3% - Should You Sell?

Shares of VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) dropped 3.3% during mid-day trading on Friday . The company traded as low as $5.51 and last traded at $5.57. Approximately 198,959 shares changed hands during trading, a decline of 80% from the average daily volume of 990,133 shares. The stock had previously closed at $5.76.

VAALCO Energy Price Performance

The firm has a market cap of $577.31 million, a PE ratio of 6.87 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $5.98 and a 200 day moving average price of $6.29.

VAALCO Energy (NYSE:EGY - Get Free Report) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, sell-side analysts expect that VAALCO Energy, Inc. will post 0.59 EPS for the current year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, August 23rd. VAALCO Energy's dividend payout ratio (DPR) is presently 30.86%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in VAALCO Energy in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in shares of VAALCO Energy in the second quarter valued at approximately $60,000. nVerses Capital LLC acquired a new position in shares of VAALCO Energy in the third quarter valued at approximately $60,000. Crestmont Private Wealth LLC purchased a new position in shares of VAALCO Energy during the third quarter valued at approximately $63,000. Finally, Arkadios Wealth Advisors acquired a new stake in VAALCO Energy during the second quarter worth approximately $64,000. 50.32% of the stock is owned by hedge funds and other institutional investors.

About VAALCO Energy

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.