VAALCO Energy (NYSE:EGY) Stock Price Down 3.3% – Should You Sell?

VAALCO Energy, Inc. (NYSE:EGY) dropped 3.3% during mid-day trading on Friday . The stock traded as low as $5.51 and last traded at $5.57. Approximately 198,959 shares changed hands during trading, a decline of 80% from the average daily volume of 990,133 shares. The stock had previously closed at $5.76.

VAALCO Energy Stock Performance

The firm has a market capitalization of $575.76 million, a P/E ratio of 7.10 and a beta of 1.17. The company has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $6.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $116.78 million during 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 earnings per share. As a group, equities analysts forecast that VAALCO Energy, Inc. will post 0.59 EPS for the current year.

VAALCO Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.063 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.25 annualized dividend and a dividend yield of 4.54%. VAALCO Energy’s payout ratio is 30.86%.

Institutional Trading of VAALCO Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in VAALCO Energy by 7,129.3% in the second quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock worth $5,613,000 after acquiring an additional 882,827 shares in the last quarter. American Century Companies Inc. boosted its stake in VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock worth $17,643,000 after purchasing an additional 701,568 shares in the last quarter. Inspire Investing LLC purchased a new stake in VAALCO Energy during the 3rd quarter valued at about $818,000. Kornitzer Capital Management Inc. KS increased its stake in VAALCO Energy by 5.9% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock valued at $15,161,000 after purchasing an additional 134,615 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in VAALCO Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 6,024,145 shares of the energy company’s stock worth $41,988,000 after buying an additional 124,853 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

About VAALCO Energy

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.