VAALCO Energy (NYSE:EGY) Shares Gap Down – Time to Sell?

VAALCO Energy, Inc. (NYSE:EGY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.56, but opened at $5.38. VAALCO Energy shares last traded at $5.38, with a volume of 115,075 shares trading hands.

VAALCO Energy Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.15. The stock’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $6.28. The firm has a market capitalization of $561.23 million, a price-to-earnings ratio of 6.65 and a beta of 1.17.

VAALCO Energy (NYSE:EGY) last released its earnings results on Tuesday, August 6th. The energy company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $116.78 million during the quarter, compared to analyst estimates of $119.30 million. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Friday, August 23rd were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Friday, August 23rd. VAALCO Energy’s dividend payout ratio (DPR) is currently 30.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Simplicity Wealth LLC increased its position in VAALCO Energy by 13.8% during the second quarter. Simplicity Wealth LLC now owns 13,617 shares of the energy company’s stock worth $85,000 after acquiring an additional 1,648 shares during the period. Lakewood Asset Management LLC increased its holdings in shares of VAALCO Energy by 7.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 47,424 shares of the energy company’s stock worth $272,000 after purchasing an additional 3,314 shares during the period. Morgan Dempsey Capital Management LLC increased its holdings in shares of VAALCO Energy by 5.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 79,559 shares of the energy company’s stock worth $499,000 after purchasing an additional 3,836 shares during the period. Rhumbline Advisers raised its position in shares of VAALCO Energy by 2.4% during the second quarter. Rhumbline Advisers now owns 168,581 shares of the energy company’s stock valued at $1,057,000 after buying an additional 3,978 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of VAALCO Energy by 25.9% in the third quarter. SG Americas Securities LLC now owns 19,352 shares of the energy company’s stock valued at $111,000 after buying an additional 3,978 shares during the period. 50.32% of the stock is currently owned by institutional investors and hedge funds.

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.