Shares of VAALCO Energy, Inc. (NYSE:EGY) were up 5.6% during trading on Tuesday . The stock traded as high as $2.29 and last traded at $2.27, approximately 189,100 shares traded hands during mid-day trading. A decline of 13% from the average daily volume of 216,678 shares. The stock had previously closed at $2.15.
Several analysts have recently commented on EGY shares. Zacks Investment Research upgraded shares of VAALCO Energy from a “sell” rating to a “hold” rating in a research report on Monday, December 23rd. Canaccord Genuity started coverage on shares of VAALCO Energy in a research report on Friday, October 18th. They issued a “buy” rating and a $2.70 price target on the stock.
The firm’s 50-day moving average price is $2.25 and its 200 day moving average price is $1.96. The firm has a market capitalization of $137.79 million, a price-to-earnings ratio of 11.95 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.26.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of VAALCO Energy by 2.6% in the 2nd quarter. BlackRock Inc. now owns 1,314,596 shares of the energy company’s stock valued at $2,196,000 after acquiring an additional 32,757 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of VAALCO Energy during the second quarter valued at approximately $25,000. Vanguard Group Inc. boosted its position in shares of VAALCO Energy by 10.0% during the second quarter. Vanguard Group Inc. now owns 1,979,180 shares of the energy company’s stock valued at $3,306,000 after purchasing an additional 179,481 shares in the last quarter. First Trust Advisors LP boosted its position in shares of VAALCO Energy by 16.1% during the third quarter. First Trust Advisors LP now owns 118,184 shares of the energy company’s stock valued at $240,000 after purchasing an additional 16,408 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of VAALCO Energy by 2.4% during the third quarter. Ancora Advisors LLC now owns 791,183 shares of the energy company’s stock valued at $1,606,000 after purchasing an additional 18,278 shares in the last quarter. Institutional investors own 43.74% of the company’s stock.
VAALCO Energy Company Profile (NYSE:EGY)
VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.
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