Vaalco Energy (NYSE:EGY) Posts Earnings Results, Misses Estimates By $0.08 EPS

Vaalco Energy (NYSE:EGY) issued its quarterly earnings data on Monday. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08), Zacks reports. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%.

Vaalco Energy Stock Performance

Shares of NYSE:EGY traded up $0.05 during midday trading on Monday, reaching $3.97. The company’s stock had a trading volume of 691,939 shares, compared to its average volume of 864,562. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $3.95 and a 200 day moving average of $3.74. Vaalco Energy has a twelve month low of $3.00 and a twelve month high of $5.88. The firm has a market capitalization of $413.90 million, a PE ratio of 11.03 and a beta of 0.88.

Institutional Investors Weigh In On Vaalco Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. lifted its holdings in shares of Vaalco Energy by 31.1% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 15,641 shares of the energy company’s stock valued at $56,000 after buying an additional 3,712 shares during the period. Prudential Financial Inc. purchased a new position in Vaalco Energy during the second quarter valued at approximately $59,000. Evergreen Capital Management LLC purchased a new position in Vaalco Energy during the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC lifted its holdings in Vaalco Energy by 89.3% in the second quarter. Tower Research Capital LLC TRC now owns 19,907 shares of the energy company’s stock valued at $72,000 after acquiring an additional 9,391 shares during the period. Finally, Corient Private Wealth LLC purchased a new stake in Vaalco Energy in the 2nd quarter worth approximately $84,000. 50.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of Vaalco Energy in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Vaalco Energy

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.