Shares of VAALCO Energy, Inc. (NYSE:EGY) traded up 5.5% during mid-day trading on Friday . The company traded as high as $1.75 and last traded at $1.72, 301,324 shares were traded during mid-day trading. A decline of 5% from the average session volume of 317,493 shares. The stock had previously closed at $1.63.
The firm’s 50-day moving average price is $1.61. The stock has a market cap of $102.85 million, a PE ratio of 2.42 and a beta of 1.38. The company has a current ratio of 1.43, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23.
VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.09 earnings per share (EPS) for the quarter. VAALCO Energy had a net margin of 98.98% and a return on equity of 49.61%. The firm had revenue of $19.77 million for the quarter.
In related news, Director Alfred John Jr. Knapp purchased 20,000 shares of VAALCO Energy stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $1.80 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the director now directly owns 428,446 shares of the company’s stock, valued at $771,202.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 162,223 shares of company stock worth $275,907 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EGY. Tieton Capital Management LLC increased its position in shares of VAALCO Energy by 14.3% during the first quarter. Tieton Capital Management LLC now owns 3,437,643 shares of the energy company’s stock valued at $7,700,000 after buying an additional 429,045 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of VAALCO Energy during the fourth quarter valued at about $266,000. Ancora Advisors LLC increased its position in shares of VAALCO Energy by 19.7% during the fourth quarter. Ancora Advisors LLC now owns 789,080 shares of the energy company’s stock valued at $1,160,000 after buying an additional 130,096 shares during the period. Howard Financial Services LTD. purchased a new position in shares of VAALCO Energy during the fourth quarter valued at about $156,000. Finally, Tibra Equities Europe Ltd purchased a new position in shares of VAALCO Energy during the first quarter valued at about $217,000. Institutional investors own 46.33% of the company’s stock.
VAALCO Energy Company Profile (NYSE:EGY)
VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.
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