VAALCO Energy, Inc. (NYSE:EGY) Short Interest Update

VAALCO Energy, Inc. (NYSE:EGY) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 4,210,000 shares, a decrease of 8.5% from the December 15th total of 4,600,000 shares. Based on an average trading volume of 912,900 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On VAALCO Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in VAALCO Energy in the 3rd quarter valued at about $60,000. Crestmont Private Wealth LLC purchased a new stake in shares of VAALCO Energy during the 3rd quarter valued at approximately $63,000. Zacks Investment Management lifted its stake in shares of VAALCO Energy by 19.6% in the 3rd quarter. Zacks Investment Management now owns 15,419 shares of the energy company’s stock valued at $89,000 after purchasing an additional 2,527 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of VAALCO Energy during the 2nd quarter worth $93,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of VAALCO Energy during the 3rd quarter worth about $109,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th.

VAALCO Energy Trading Down 0.1 %

Shares of EGY opened at $4.55 on Monday. The firm’s fifty day moving average is $4.78 and its two-hundred day moving average is $5.67. The stock has a market cap of $477.66 million, a PE ratio of 5.35 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. VAALCO Energy has a 52-week low of $4.03 and a 52-week high of $7.51.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $140.33 million during the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. During the same period in the prior year, the business posted $0.07 EPS. Research analysts forecast that VAALCO Energy will post 0.43 earnings per share for the current fiscal year.

VAALCO Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 22nd were given a dividend of $0.0625 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.25 annualized dividend and a dividend yield of 5.50%. VAALCO Energy’s payout ratio is 29.41%.

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.