VAALCO Energy (NYSE:EGY) Share Price Crosses Above Two Hundred Day Moving Average of $3.03

VAALCO Energy, Inc. (NYSE:EGY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.03 and traded as high as $4.11. VAALCO Energy shares last traded at $4.10, with a volume of 435,337 shares changing hands.

Separately, Zacks Investment Research lowered VAALCO Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 21st.

The business has a 50 day simple moving average of $3.41 and a 200-day simple moving average of $3.03. The stock has a market capitalization of $243.39 million, a price-to-earnings ratio of 5.54 and a beta of 2.27.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings results on Wednesday, November 3rd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.08. VAALCO Energy had a return on equity of 26.79% and a net margin of 28.26%. The firm had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.79 million. During the same period last year, the company earned $0.04 EPS. As a group, equities analysts expect that VAALCO Energy, Inc. will post 0.86 EPS for the current fiscal year.

In other news, Director Bradley Louis Radoff sold 600,000 shares of VAALCO Energy stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $4.02, for a total value of $2,412,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 879,437 shares of company stock worth $3,487,838 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Several large investors have recently made changes to their positions in EGY. Wilen Investment Management CORP. raised its holdings in shares of VAALCO Energy by 6.6% during the 2nd quarter. Wilen Investment Management CORP. now owns 2,877,942 shares of the energy company’s stock valued at $9,209,000 after buying an additional 179,007 shares during the period. State Street Corp raised its holdings in shares of VAALCO Energy by 642.1% during the 2nd quarter. State Street Corp now owns 204,501 shares of the energy company’s stock valued at $665,000 after buying an additional 176,943 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of VAALCO Energy by 62.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 320,922 shares of the energy company’s stock valued at $944,000 after buying an additional 122,823 shares during the period. Financial Consulate Inc. purchased a new stake in shares of VAALCO Energy during the 3rd quarter valued at about $168,000. Finally, HighVista Strategies LLC purchased a new stake in shares of VAALCO Energy during the 3rd quarter valued at about $122,000. Institutional investors and hedge funds own 38.15% of the company’s stock.

About VAALCO Energy (NYSE:EGY)

VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.

Featured Article: What are popular range trading strategies?

Receive News & Ratings for VAALCO Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VAALCO Energy and related companies with MarketBeat.com's FREE daily email newsletter.