Vaalco Energy (NYSE:EGY) Stock Passes Above 200 Day Moving Average – What’s Next?

Vaalco Energy Inc (NYSE:EGY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.00 and traded as high as $5.25. Vaalco Energy shares last traded at $5.1940, with a volume of 970,984 shares.

Wall Street Analyst Weigh In

EGY has been the subject of several research reports. Weiss Ratings raised shares of Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Loop Capital set a $7.30 price target on shares of Vaalco Energy in a report on Friday, January 16th. Finally, Wall Street Zen upgraded Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.30.

Vaalco Energy Price Performance

The stock has a market cap of $541.53 million, a P/E ratio of 19.24 and a beta of 0.27. The business has a 50-day simple moving average of $4.34 and a 200 day simple moving average of $4.00. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

Vaalco Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, February 27th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, February 27th. Vaalco Energy’s dividend payout ratio (DPR) is currently 92.59%.

Institutional Trading of Vaalco Energy

Large investors have recently bought and sold shares of the business. Virtus Investment Advisers LLC bought a new position in shares of Vaalco Energy in the 4th quarter worth about $170,000. Wellington Management Group LLP bought a new stake in Vaalco Energy in the fourth quarter worth approximately $141,000. Oxford Asset Management LLP bought a new stake in Vaalco Energy in the fourth quarter worth approximately $84,000. Price T Rowe Associates Inc. MD lifted its stake in Vaalco Energy by 40.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 147,666 shares of the energy company’s stock valued at $538,000 after buying an additional 42,177 shares during the period. Finally, Mangrove Partners IM LLC bought a new position in shares of Vaalco Energy during the 4th quarter worth approximately $127,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

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.