VAALCO Energy, Inc. (NYSE:EGY) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 356,500 shares, a growth of 14.2% from the January 15th total of 312,100 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 206,000 shares, the days-to-cover ratio is presently 1.7 days.
VAALCO Energy stock traded down $0.04 during trading on Friday, reaching $2.07. The company had a trading volume of 122,700 shares, compared to its average volume of 186,803. The firm’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $2.00. VAALCO Energy has a 1-year low of $1.40 and a 1-year high of $2.75. The firm has a market capitalization of $124.07 million, a PE ratio of 10.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.26 and a current ratio of 1.28.
Institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new stake in VAALCO Energy in the 4th quarter valued at $29,000. Advisory Services Network LLC acquired a new stake in VAALCO Energy in the 4th quarter valued at $57,000. Virtu Financial LLC acquired a new stake in VAALCO Energy in the 4th quarter valued at $75,000. State Street Corp grew its stake in VAALCO Energy by 28.9% in the 4th quarter. State Street Corp now owns 35,518 shares of the energy company’s stock valued at $79,000 after acquiring an additional 7,960 shares during the period. Finally, Millennium Management LLC grew its stake in VAALCO Energy by 1,007.1% in the 3rd quarter. Millennium Management LLC now owns 64,406 shares of the energy company’s stock valued at $130,000 after acquiring an additional 71,506 shares during the period. 43.74% of the stock is currently owned by hedge funds and other institutional investors.
EGY has been the topic of a number of research analyst reports. Canaccord Genuity initiated coverage on shares of VAALCO Energy in a research note on Friday, October 18th. They issued a “buy” rating and a $2.70 price target on the stock. Zacks Investment Research raised shares of VAALCO Energy from a “sell” rating to a “hold” rating in a research note on Monday, December 23rd.
VAALCO Energy Company Profile
VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.
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