VAALCO Energy (NYSE:EGY) Shares Down 3.3% – Time to Sell?

VAALCO Energy, Inc. (NYSE:EGY) traded down 3.3% on Friday . The stock traded as low as $5.51 and last traded at $5.57. 198,959 shares were traded during mid-day trading, a decline of 80% from the average session volume of 990,133 shares. The stock had previously closed at $5.76.

VAALCO Energy Price Performance

The stock has a market capitalization of $576.79 million, a P/E ratio of 6.86 and a beta of 1.17. The stock has a 50 day moving average of $5.98 and a 200-day moving average of $6.29. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. The company had revenue of $116.78 million during the quarter, compared to analyst estimates of $119.30 million. During the same quarter last year, the business posted $0.11 EPS. On average, equities research analysts anticipate that VAALCO Energy, Inc. will post 0.59 earnings per share for the current fiscal year.

VAALCO Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is presently 30.86%.

Institutional Investors Weigh In On VAALCO Energy

Several hedge funds have recently modified their holdings of the business. Gladius Capital Management LP bought a new position in shares of VAALCO Energy in the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new position in VAALCO Energy in the second quarter valued at about $60,000. nVerses Capital LLC bought a new position in shares of VAALCO Energy during the 3rd quarter worth approximately $60,000. Crestmont Private Wealth LLC purchased a new position in VAALCO Energy in the third quarter worth $63,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of VAALCO Energy during the second quarter worth $64,000. Hedge funds and other institutional investors 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.