VAALCO Energy (NYSE:EGY) Rating Increased to Buy at StockNews.com

VAALCO Energy (NYSE:EGY - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

VAALCO Energy Stock Up 0.4 %

NYSE:EGY traded up $0.02 during trading hours on Friday, reaching $4.08. The company had a trading volume of 985,737 shares, compared to its average volume of 979,100. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The firm has a market cap of $428.26 million, a price-to-earnings ratio of 4.79 and a beta of 1.16. The business's 50-day simple moving average is $4.23 and its two-hundred day simple moving average is $4.97. VAALCO Energy has a twelve month low of $3.57 and a twelve month high of $7.51.

VAALCO Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $121.72 million during the quarter, compared to analysts' expectations of $108.91 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. On average, equities analysts expect that VAALCO Energy will post 0.43 earnings per share for the current year.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EGY. Zacks Investment Management boosted its holdings 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 purchasing an additional 2,527 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in VAALCO Energy by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,794 shares of the energy company's stock worth $261,000 after purchasing an additional 2,584 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in VAALCO Energy by 1.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 294,929 shares of the energy company's stock worth $1,289,000 after purchasing an additional 2,875 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in VAALCO Energy by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 55,639 shares of the energy company's stock worth $243,000 after purchasing an additional 3,142 shares during the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in VAALCO Energy by 19.5% during the fourth quarter. Catalina Capital Group LLC now owns 20,334 shares of the energy company's stock worth $89,000 after purchasing an additional 3,315 shares during the last quarter. 50.32% of the stock is currently owned by institutional investors and hedge funds.

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.