Weiss Ratings Reaffirms Hold (C-) Rating for Vaalco Energy (NYSE:EGY)

Key Points

• Weiss Ratings has reaffirmed a Hold (C-) rating for Vaalco Energy (NYSE: EGY), while Zacks Research upgraded the stock from a "strong sell" to a "hold" rating.
• Vaalco Energy's stock recently traded at $3.83, with a market cap of approximately $398.79 million and a twelve month price range between $3.00 and $6.08.
• Institutional investors own 50.32% of Vaalco Energy's shares, with significant recent purchases indicating increased confidence in the stock.

Vaalco Energy (NYSE:EGY - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Separately, Zacks Research raised shares of Vaalco Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Vaalco Energy Price Performance

Shares of EGY stock traded down $0.04 during trading hours on Tuesday, hitting $3.83. The company's stock had a trading volume of 295,355 shares, compared to its average volume of 883,278. The business has a fifty day moving average of $3.93 and a 200-day moving average of $3.68. The stock has a market cap of $398.79 million, a price-to-earnings ratio of 10.63 and a beta of 0.94. Vaalco Energy has a twelve month low of $3.00 and a twelve month high of $6.08. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

Vaalco Energy (NYSE:EGY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $96.89 million for the quarter, compared to analyst estimates of $89.40 million. Vaalco Energy had a net margin of 8.26% and a return on equity of 4.64%. As a group, equities research analysts anticipate that Vaalco Energy will post 0.43 EPS for the current year.

Hedge Funds Weigh In On Vaalco Energy

A number of large investors have recently bought and sold shares of the stock. CSM Advisors LLC purchased a new position in shares of Vaalco Energy in the 2nd quarter valued at $6,608,000. Hotchkis & Wiley Capital Management LLC grew its holdings in Vaalco Energy by 49.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,825,000 shares of the energy company's stock worth $10,622,000 after acquiring an additional 931,230 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in Vaalco Energy during the 2nd quarter worth $2,770,000. AQR Capital Management LLC lifted its position in shares of Vaalco Energy by 228.0% in the 1st quarter. AQR Capital Management LLC now owns 744,296 shares of the energy company's stock worth $2,799,000 after buying an additional 517,368 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Vaalco Energy in the 1st quarter worth about $1,655,000. Hedge funds and other institutional investors own 50.32% of the company's stock.

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.

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