VAALCO Energy (NYSE:EGY – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.
VAALCO Energy Stock Performance
EGY opened at $6.73 on Thursday. VAALCO Energy has a twelve month low of $3.51 and a twelve month high of $7.51. The stock has a market cap of $695.01 million, a PE ratio of 12.02 and a beta of 1.29. The business’s 50 day moving average is $5.52 and its 200-day moving average is $4.79. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.16.
VAALCO Energy (NYSE:EGY – Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The company had revenue of $149.15 million for the quarter, compared to analysts’ expectations of $130.53 million. On average, analysts predict that VAALCO Energy will post 1.23 earnings per share for the current year.
Hedge Funds Weigh In On VAALCO Energy
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.
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