Vaalco Energy (NYSE:EGY) Upgraded at Wall Street Zen

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

Several other equities analysts have also recently issued reports on EGY. Loop Capital set a $7.30 price objective on shares of Vaalco Energy in a research note on Friday. Weiss Ratings upgraded Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.30.

Vaalco Energy Trading Up 2.0%

Shares of EGY stock opened at $4.50 on Friday. The firm has a fifty day moving average price of $3.63 and a 200-day moving average price of $3.78. The company has a market cap of $469.17 million, a price-to-earnings ratio of 16.67 and a beta of 0.22. Vaalco Energy has a 1 year low of $3.00 and a 1 year high of $4.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 0.99.

Vaalco Energy (NYSE:EGY) last released its quarterly earnings results on Monday, November 10th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $61.01 million for the quarter, compared to analysts’ expectations of $74.30 million. Vaalco Energy had a net margin of 7.40% and a return on equity of 1.02%. As a group, equities analysts predict that Vaalco Energy will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On Vaalco Energy

A number of hedge funds and other institutional investors have recently modified their holdings of EGY. Exchange Traded Concepts LLC purchased a new stake in shares of Vaalco Energy in the 4th quarter worth $266,000. SG Americas Securities LLC increased its holdings in shares of Vaalco Energy by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 51,401 shares of the energy company’s stock valued at $187,000 after acquiring an additional 14,193 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Vaalco Energy in the third quarter valued at $44,000. Coldstream Capital Management Inc. acquired a new position in shares of Vaalco Energy in the 3rd quarter valued at $138,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Vaalco Energy during the third quarter worth approximately $135,000. Institutional investors own 50.32% of the company’s stock.

About Vaalco Energy

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.