Insider Selling: Gayla Cutrer Sells 41,500 Shares of Vaalco Energy Stock (EGY)
Vaalco Energy (NYSE:EGY) Insider Gayla Cutrer sold 41,500 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $5.66, for a total value of $234,890.00. Following the sale, the insider now directly owns 22,868 shares of the company’s stock, valued at approximately $129,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Vaalco Energy (NYSE:EGY) traded up 0.53% during mid-day trading on Friday, hitting $5.67. The stock had a trading volume of 286,597 shares. Vaalco Energy has a 52-week low of $5.155 and a 52-week high of $9.533. The stock has a 50-day moving average of $5.6 and a 200-day moving average of $6.24. The company’s market cap is $321.3 million.
Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.07. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $58.80 million. Analysts expect that Vaalco Energy will post $0.92 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Vaalco Energy (NYSE:EGY) to a “hold” rating in a research note to investors on Wednesday, July 24th.
VAALCO Energy, Inc (NYSE:EGY) is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas.
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