Short Interest in VAALCO Energy, Inc. (NYSE:EGY) Expands By 5.7%

VAALCO Energy, Inc. (NYSE:EGY) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 4,270,000 shares, an increase of 5.7% from the September 15th total of 4,040,000 shares. Based on an average daily trading volume, of 964,700 shares, the short-interest ratio is currently 4.4 days.

VAALCO Energy Price Performance

Shares of VAALCO Energy stock traded up $0.11 during mid-day trading on Thursday, reaching $6.04. 571,238 shares of the stock traded hands, compared to its average volume of 1,002,186. The stock has a market capitalization of $626.07 million, a PE ratio of 7.44 and a beta of 1.17. The business has a 50-day moving average of $6.06 and a 200 day moving average of $6.35. VAALCO Energy has a fifty-two week low of $3.85 and a fifty-two week high of $7.51. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

VAALCO Energy (NYSE:EGY) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. VAALCO Energy had a return on equity of 16.00% and a net margin of 17.82%. The firm had revenue of $116.78 million during the quarter, compared to the consensus estimate of $119.30 million. During the same period in the prior year, the company earned $0.11 EPS. On average, analysts predict that VAALCO Energy will post 0.59 EPS for the current year.

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 23rd were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 4.18%. VAALCO Energy’s payout ratio is presently 30.86%.

Institutional Trading of VAALCO Energy

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in shares of VAALCO Energy during the 4th quarter worth approximately $394,000. Unison Advisors LLC boosted its stake in VAALCO Energy by 1.4% during the first quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock worth $893,000 after buying an additional 1,734 shares during the last quarter. Annex Advisory Services LLC grew its holdings in VAALCO Energy by 14.8% in the 1st quarter. Annex Advisory Services LLC now owns 221,595 shares of the energy company’s stock valued at $1,545,000 after buying an additional 28,638 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of VAALCO Energy in the 1st quarter worth $136,000. Finally, Caprock Group LLC purchased a new position in shares of VAALCO Energy during the 1st quarter worth $71,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.

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.