VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) COO Thor Pruckl sold 10,169 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the transaction, the chief operating officer now owns 174,992 shares in the company, valued at $691,218.40. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
VAALCO Energy Stock Performance
Shares of EGY opened at $3.84 on Wednesday. VAALCO Energy, Inc. has a one year low of $3.57 and a one year high of $7.51. The business has a fifty day moving average of $4.16 and a 200 day moving average of $4.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The firm has a market capitalization of $398.37 million, a P/E ratio of 4.52 and a beta of 1.16.
VAALCO Energy (NYSE:EGY - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The firm had revenue of $121.72 million during the quarter, compared to analyst estimates of $108.91 million. As a group, sell-side analysts anticipate that VAALCO Energy, Inc. will post 0.43 EPS for the current year.
VAALCO Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy's dividend payout ratio is 45.45%.
Institutional Investors Weigh In On VAALCO Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of VAALCO Energy during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC purchased a new position in shares of VAALCO Energy in the fourth quarter valued at about $38,000. Atria Wealth Solutions Inc. bought a new position in shares of VAALCO Energy in the fourth quarter worth about $44,000. First Manhattan CO. LLC. purchased a new stake in shares of VAALCO Energy during the fourth quarter worth about $50,000. Finally, Virtu Financial LLC bought a new stake in VAALCO Energy during the 4th quarter valued at approximately $59,000. Institutional investors own 50.32% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.
Read Our Latest Analysis on EGY
VAALCO Energy Company Profile
(
Get Free Report)
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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