Vaalco Energy’s (EGY) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Vaalco Energy (NYSE:EGY) in a report issued on Tuesday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vaalco Energy Trading Down 2.3%

Vaalco Energy stock opened at $3.74 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39. The firm has a market cap of $389.93 million, a price-to-earnings ratio of 10.39 and a beta of 0.94. Vaalco Energy has a 1 year low of $3.00 and a 1 year high of $6.08. The firm’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $3.69.

Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $96.89 million for the quarter, compared to analyst estimates of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. On average, research analysts predict that Vaalco Energy will post 0.43 EPS for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 6.7%. Vaalco Energy’s dividend payout ratio (DPR) is currently 69.44%.

Hedge Funds Weigh In On Vaalco Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in Vaalco Energy in the 1st quarter worth approximately $312,000. CWA Asset Management Group LLC boosted its stake in Vaalco Energy by 36.9% in the 1st quarter. CWA Asset Management Group LLC now owns 109,892 shares of the energy company’s stock worth $413,000 after purchasing an additional 29,635 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in Vaalco Energy by 7.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 2,984,055 shares of the energy company’s stock worth $11,220,000 after purchasing an additional 197,790 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Vaalco Energy by 36.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,501 shares of the energy company’s stock valued at $133,000 after buying an additional 9,544 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Vaalco Energy by 32.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 737,435 shares of the energy company’s stock valued at $2,773,000 after buying an additional 182,489 shares during the period. Institutional investors and hedge funds own 50.32% of the company’s stock.

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.