VAALCO Energy (NYSE:EGY) Trading Down 3.3% – Should You Sell?

VAALCO Energy, Inc. (NYSE:EGY)’s stock price was down 3.3% on Friday . The stock traded as low as $5.51 and last traded at $5.57. Approximately 198,959 shares changed hands during trading, a decline of 80% from the average daily volume of 990,133 shares. The stock had previously closed at $5.76.

VAALCO Energy Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market cap of $576.79 million, a PE ratio of 6.86 and a beta of 1.17. The firm’s 50-day simple moving average is $5.98 and its two-hundred day simple moving average is $6.29.

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. The firm had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, research analysts anticipate that VAALCO Energy, Inc. will post 0.59 earnings per share for the current fiscal year.

VAALCO Energy Dividend Announcement

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

Hedge Funds Weigh In On VAALCO Energy

A number of institutional investors have recently bought and sold shares of EGY. Simplicity Wealth LLC grew its position in VAALCO Energy by 13.8% during the 2nd quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after purchasing an additional 1,648 shares during the period. Lakewood Asset Management LLC lifted its stake in shares of VAALCO Energy by 7.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 47,424 shares of the energy company’s stock valued at $272,000 after purchasing an additional 3,314 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in VAALCO Energy by 5.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 79,559 shares of the energy company’s stock worth $499,000 after buying an additional 3,836 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of VAALCO Energy by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock worth $1,057,000 after acquiring an additional 3,978 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of VAALCO Energy by 25.9% in the 3rd quarter. SG Americas Securities LLC now owns 19,352 shares of the energy company’s stock valued at $111,000 after purchasing an additional 3,978 shares in the last quarter. 50.32% of the stock is owned by hedge funds and other institutional investors.

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.