Short Interest in VAALCO Energy, Inc. (NYSE:EGY) Decreases By 7.5%

VAALCO Energy, Inc. (NYSE:EGY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 3,950,000 shares, a decrease of 7.5% from the September 30th total of 4,270,000 shares. Based on an average trading volume of 928,400 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of VAALCO Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of EGY. Dimensional Fund Advisors LP raised its stake in shares of VAALCO Energy by 7,129.3% during the second quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock valued at $5,613,000 after acquiring an additional 882,827 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of VAALCO Energy by 33.2% during the second quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after acquiring an additional 701,568 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of VAALCO Energy in the third quarter valued at approximately $1,000,000. Inspire Investing LLC acquired a new position in VAALCO Energy in the 3rd quarter valued at about $818,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in shares of VAALCO Energy by 5.9% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,417,950 shares of the energy company’s stock worth $15,161,000 after purchasing an additional 134,615 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.

VAALCO Energy Stock Down 0.3 %

Shares of VAALCO Energy stock traded down $0.01 on Thursday, hitting $5.34. The company had a trading volume of 600,004 shares, compared to its average volume of 987,691. The stock has a market capitalization of $553.45 million, a price-to-earnings ratio of 6.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19. The stock has a 50 day moving average of $5.92 and a 200-day moving average of $6.24. VAALCO Energy has a 1 year low of $3.85 and a 1 year high of $7.51.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. VAALCO Energy had a net margin of 17.82% and a return on equity of 16.00%. The business had revenue of $116.78 million during the quarter, compared to analysts’ expectations of $119.30 million. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, sell-side analysts forecast that VAALCO Energy will post 0.59 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.063 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 4.72%. VAALCO Energy’s dividend payout ratio is presently 30.86%.

VAALCO Energy Company Profile

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.