Vaalco Energy (NYSE:EGY) Upgraded by Wall Street Zen to Hold Rating

Vaalco Energy (NYSE:EGY) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vaalco Energy in a report on Monday. Zacks Research upgraded Vaalco Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Vaalco Energy has an average rating of “Hold”.

Vaalco Energy Stock Performance

NYSE:EGY opened at $3.62 on Friday. The firm has a market capitalization of $377.41 million, a PE ratio of 10.06 and a beta of 0.88. Vaalco Energy has a fifty-two week low of $3.00 and a fifty-two week high of $5.25. The stock’s fifty day moving average is $3.85 and its 200 day moving average is $3.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.39.

Vaalco Energy (NYSE:EGY) last announced its earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. The business had revenue of $61.01 million for the quarter, compared to analysts’ expectations of $74.30 million. On average, sell-side analysts anticipate that Vaalco Energy will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EGY. CIBC Bancorp USA Inc. purchased a new stake in shares of Vaalco Energy during the 3rd quarter worth $44,000. Coldstream Capital Management Inc. bought a new position in Vaalco Energy in the third quarter worth about $138,000. Jacobs Levy Equity Management Inc. bought a new position in Vaalco Energy in the third quarter worth about $135,000. Qube Research & Technologies Ltd purchased a new stake in shares of Vaalco Energy during the third quarter valued at about $47,000. Finally, Morgan Dempsey Capital Management LLC boosted its holdings in shares of Vaalco Energy by 39.7% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 141,146 shares of the energy company’s stock valued at $567,000 after buying an additional 40,147 shares in the last quarter. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

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.