Vaalco Energy (NYSE:EGY) Shares Gap Down – What’s Next?

Vaalco Energy Inc (NYSE:EGY) shares gapped down prior to trading on Monday . The stock had previously closed at $5.55, but opened at $5.36. Vaalco Energy shares last traded at $5.36, with a volume of 260,685 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EGY. Wall Street Zen cut Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research raised Vaalco Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings cut Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $7.30.

Vaalco Energy Trading Down 2.0%

The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $527.02 million, a price-to-earnings ratio of -3.69 and a beta of 0.09. The business’s fifty day moving average is $5.37 and its two-hundred day moving average is $5.42.

Vaalco Energy (NYSE:EGY) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 45.86% and a negative return on equity of 12.74%. The firm had revenue of $62.60 million during the quarter, compared to the consensus estimate of $78.20 million. Equities analysts anticipate that Vaalco Energy Inc will post 0.11 earnings per share for the current fiscal year.

Vaalco Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 22nd were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, May 22nd. Vaalco Energy’s dividend payout ratio (DPR) is presently -18.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Vaalco Energy during the 4th quarter worth approximately $1,638,000. North Star Investment Management Corp. lifted its holdings in Vaalco Energy by 159.4% in the first quarter. North Star Investment Management Corp. now owns 275,000 shares of the energy company’s stock valued at $1,744,000 after buying an additional 169,000 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in Vaalco Energy by 4.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 3,378,835 shares of the energy company’s stock valued at $21,422,000 after buying an additional 150,175 shares during the period. UBS Group AG boosted its stake in Vaalco Energy by 154.9% in the fourth quarter. UBS Group AG now owns 1,326,729 shares of the energy company’s stock valued at $4,829,000 after acquiring an additional 806,283 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Vaalco Energy in the first quarter valued at approximately $686,000. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Vaalco Energy Company Profile

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.