VAALCO Energy, Inc. (NYSE:EGY) Short Interest Update

VAALCO Energy, Inc. (NYSE:EGY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 4,310,000 shares, a growth of 9.7% from the October 31st total of 3,930,000 shares. Based on an average daily trading volume, of 885,200 shares, the short-interest ratio is presently 4.9 days.

Institutional Trading of VAALCO Energy

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of VAALCO Energy during the third quarter valued at approximately $308,000. Barclays PLC increased its position in VAALCO Energy by 319.0% during the third quarter. Barclays PLC now owns 160,736 shares of the energy company’s stock valued at $923,000 after acquiring an additional 122,373 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of VAALCO Energy by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,493,587 shares of the energy company’s stock worth $14,316,000 after buying an additional 109,090 shares during the last quarter. Zacks Investment Management increased 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 valued at $89,000 after buying an additional 2,527 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in VAALCO Energy during the third quarter valued at about $142,000. 50.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

VAALCO Energy Trading Up 0.6 %

VAALCO Energy stock traded up $0.03 during mid-day trading on Monday, hitting $5.15. The company’s stock had a trading volume of 973,431 shares, compared to its average volume of 981,670. The stock has a market cap of $534.26 million, a price-to-earnings ratio of 6.06 and a beta of 1.19. VAALCO Energy has a 12 month low of $4.03 and a 12 month high of $7.51. The business has a 50 day moving average price of $5.63 and a 200-day moving average price of $6.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The business had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $128.64 million. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, analysts forecast that VAALCO Energy will post 0.5 EPS for the current year.

VAALCO Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 22nd will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s payout ratio is presently 29.41%.

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.