VAALCO Energy - EGY Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for VAALCO Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EGY shares.
View EGY analyst ratings or view top-rated stocks.

VAALCO Energy's stock was trading at $4.56 at the beginning of the year. Since then, EGY shares have decreased by 2.4% and is now trading at $4.45.
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VAALCO Energy saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 5,450,000 shares, an increase of 7.3% from the February 13th total of 5,080,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 3.3 days.
View VAALCO Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our EGY earnings forecast.

VAALCO Energy, Inc. (NYSE:EGY) posted its quarterly earnings data on Wednesday, November, 3rd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.08. The energy company had revenue of $55.90 million for the quarter, compared to the consensus estimate of $55.79 million. VAALCO Energy had a trailing twelve-month return on equity of 60.93% and a net margin of 21.81%. During the same quarter last year, the company earned $0.04 EPS.

VAALCO Energy declared a quarterly dividend on Tuesday, February 14th. Investors of record on Friday, March 24th will be given a dividend of $0.0625 per share on Friday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, March 23rd. This is a boost from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for EGY.

ETFs with the largest weight of VAALCO Energy (NYSE:EGY) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Roundhill Acquirers Deep Value ETF (DEEP), First Trust Dow Jones Select Microcap Index Fund (FDM), Hartford Multifactor Small Cap ETF (ROSC), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

VAALCO Energy (NYSE:EGY) pays an annual dividend of $0.25 per share and currently has a dividend yield of 5.94%. EGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EGY will have a dividend payout ratio of 11.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGY.

3 employees have rated VAALCO Energy Chief Executive Officer Cary Bounds on Glassdoor.com. Cary Bounds has an approval rating of 42% among the company's employees. This puts Cary Bounds in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other VAALCO Energy investors own include Abraxas Petroleum (AXAS), Seanergy Maritime (SHIP), Acasti Pharma (ACST), Micron Technology (MU), Atlantic Power (AT), Palatin Technologies (PTN), CTI BioPharma (CTIC), Nevsun Resources (NSU) and Pulmatrix (PULM).

VAALCO Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGY."

VAALCO Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.49%), Geode Capital Management LLC (1.74%), Tieton Capital Management LLC (1.58%), First Sabrepoint Capital Management LP (1.52%), Kornitzer Capital Management Inc. KS (1.48%) and Dimensional Fund Advisors LP (1.11%). Insiders that own company stock include Andrew Lawrence Fawthrop, Bradley Louis Radoff, George WM Maxwell, Jason Doornik and Thor Pruckl.
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Shares of EGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EGY stock can currently be purchased for approximately $4.45.

VAALCO Energy (NYSE:EGY) has a market capitalization of $482.29 million and generates $199.07 million in revenue each year. The energy company earns $81.84 million in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 117 workers across the globe.

VAALCO Energy's mailing address is 9800 Richmond Avenue Suite 700, Houston TX, 77042. The official website for the company is www.vaalco.com. The energy company can be reached via phone at (713) 623-0801, via email at ir@vaalco.com, or via fax at 713-623-0982.