VAALCO Energy, Inc. (NYSE:EGY) Short Interest Down 7.5% in October

VAALCO Energy, Inc. (NYSE:EGY) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 3,950,000 shares, a decrease of 7.5% from the September 30th total of 4,270,000 shares. Based on an average daily volume of 928,400 shares, the short-interest ratio is currently 4.3 days.

VAALCO Energy Stock Down 0.3 %

Shares of EGY stock traded down $0.01 during trading hours on Thursday, reaching $5.34. 600,004 shares of the company’s stock were exchanged, compared to its average volume of 987,691. VAALCO Energy has a fifty-two week low of $3.85 and a fifty-two week high of $7.51. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market cap of $553.45 million, a price-to-earnings ratio of 6.59 and a beta of 1.17. The stock’s 50 day moving average is $5.92 and its 200-day moving average is $6.24.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $116.78 million for the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. During the same quarter last year, the firm posted $0.11 EPS. Analysts predict that VAALCO Energy will post 0.59 earnings per share for the current fiscal year.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were issued a $0.063 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.25 annualized dividend and a dividend yield of 4.72%. VAALCO Energy’s dividend payout ratio is currently 30.86%.

Hedge Funds Weigh In On VAALCO Energy

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in VAALCO Energy in the first quarter worth about $498,000. GSA Capital Partners LLP grew its stake in shares of VAALCO Energy by 32.3% in the first quarter. GSA Capital Partners LLP now owns 175,899 shares of the energy company’s stock worth $1,226,000 after acquiring an additional 42,902 shares during the last quarter. Catalina Capital Group LLC acquired a new position in VAALCO Energy in the first quarter worth about $109,000. LSV Asset Management increased its stake in shares of VAALCO Energy by 1.2% in the first quarter. LSV Asset Management now owns 550,642 shares of the energy company’s stock valued at $3,838,000 after buying an additional 6,666 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of VAALCO Energy during the 1st quarter worth approximately $340,000. 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.