VAALCO Energy, Inc. (NYSE:EGY) Short Interest Up 5.7% in September

VAALCO Energy, Inc. (NYSE:EGY) was the recipient of 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 volume of 964,700 shares, the days-to-cover ratio is currently 4.4 days.

Institutional Trading of VAALCO Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in shares of VAALCO Energy during the fourth quarter worth about $394,000. Unison Advisors LLC raised its holdings in shares of VAALCO Energy by 1.4% during the first quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock valued at $893,000 after acquiring an additional 1,734 shares during the last quarter. Annex Advisory Services LLC lifted its position in shares of VAALCO Energy by 14.8% in the first quarter. Annex Advisory Services LLC now owns 221,595 shares of the energy company’s stock valued at $1,545,000 after acquiring an additional 28,638 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in VAALCO Energy in the 1st quarter valued at $136,000. Finally, Caprock Group LLC acquired a new position in VAALCO Energy during the first quarter worth about $71,000. 50.32% of the stock is currently owned by hedge funds and other institutional investors.

VAALCO Energy Stock Performance

Shares of EGY traded up $0.11 during trading hours on Thursday, hitting $6.04. The stock had a trading volume of 571,238 shares, compared to its average volume of 1,002,186. The firm has a 50-day moving average price of $6.06 and a 200 day moving average price of $6.35. VAALCO Energy has a fifty-two week low of $3.85 and a fifty-two week high of $7.51. The firm has a market capitalization of $626.07 million, a price-to-earnings ratio of 7.45 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.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.22 earnings per share 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 the consensus estimate of $119.30 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, research analysts anticipate that VAALCO Energy will post 0.59 EPS for the current year.

VAALCO Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, August 23rd. VAALCO Energy’s payout ratio is currently 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.