Thor Pruckl Sells 10,169 Shares of VAALCO Energy, Inc. (NYSE:EGY) Stock

VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl sold 10,169 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the sale, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at $691,218.40. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

VAALCO Energy Trading Up 0.7 %

NYSE EGY opened at $3.86 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $399.93 million, a P/E ratio of 4.54 and a beta of 1.16. VAALCO Energy, Inc. has a 52-week low of $3.57 and a 52-week high of $7.51. The firm has a 50-day moving average price of $4.15 and a 200 day moving average price of $4.88.

VAALCO Energy (NYSE:EGY) last issued its earnings results on Thursday, March 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million during the quarter, compared to the consensus estimate of $108.91 million. Equities research analysts expect that VAALCO Energy, Inc. will post 0.43 EPS for the current year.

VAALCO Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.49%. VAALCO Energy’s dividend payout ratio (DPR) is presently 45.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised VAALCO Energy from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

Hedge Funds Weigh In On VAALCO Energy

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new position in VAALCO Energy during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of VAALCO Energy in the 4th quarter worth approximately $38,000. Atria Wealth Solutions Inc. purchased a new position in VAALCO Energy in the 4th quarter valued at approximately $44,000. First Manhattan CO. LLC. acquired a new position in VAALCO Energy during the fourth quarter worth $50,000. Finally, Virtu Financial LLC purchased a new stake in VAALCO Energy during the fourth quarter worth $59,000. 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.