Vaalco Energy Director Sells $167,700 in Stock (EGY)
Vaalco Energy (NYSE:EGY) Director O Don Chapoton unloaded 30,000 shares of the stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $5.59, for a total value of $167,700.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $111,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at TheStreet downgraded shares of Vaalco Energy to a “hold” rating in a research note to investors on Wednesday, July 24th.
Shares of Vaalco Energy (NYSE:EGY) traded up 2.67% on Thursday, hitting $5.39. The stock had a trading volume of 177,636 shares. Vaalco Energy has a 52-week low of $5.155 and a 52-week high of $9.533. The stock’s 50-day moving average is $5.57 and its 200-day moving average is $6.18. The company’s market cap is $305.4 million.
Vaalco Energy (NYSE:EGY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ 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.
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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