VAALCO Energy, Inc. (EGY) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS
VAALCO Energy, Inc. (NYSE:EGY) posted its quarterly earnings data on Monday. The energy company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. VAALCO Energy had a negative net margin of 168.93% and a negative return on equity of 116.97%. The business had revenue of $21.27 million during the quarter.
VAALCO Energy (NYSE:EGY) traded up 0.91% on Friday, hitting $1.11. The stock had a trading volume of 87,218 shares. VAALCO Energy has a 1-year low of $0.70 and a 1-year high of $1.43. The stock’s market capitalization is $65.04 million. The company has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.00.
In related news, Director Alfred John Jr. Knapp purchased 50,000 shares of VAALCO Energy stock in a transaction on Monday, April 3rd. The stock was acquired at an average price of $0.95 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the director now directly owns 243,042 shares in the company, valued at approximately $230,889.90. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of EGY. Renaissance Technologies LLC boosted its stake in shares of VAALCO Energy by 6.2% in the first quarter. Renaissance Technologies LLC now owns 1,320,700 shares of the energy company’s stock worth $1,211,000 after buying an additional 76,769 shares during the last quarter. UBS Group AG boosted its stake in VAALCO Energy by 55.3% in the first quarter. UBS Group AG now owns 558,624 shares of the energy company’s stock valued at $512,000 after buying an additional 199,030 shares in the last quarter. California Public Employees Retirement System boosted its stake in VAALCO Energy by 64.5% in the first quarter. California Public Employees Retirement System now owns 299,700 shares of the energy company’s stock valued at $275,000 after buying an additional 117,500 shares in the last quarter. Tieton Capital Management LLC boosted its stake in VAALCO Energy by 96.5% in the first quarter. Tieton Capital Management LLC now owns 2,244,631 shares of the energy company’s stock valued at $2,059,000 after buying an additional 1,102,610 shares in the last quarter. Finally, Wilen Investment Management CORP. boosted its stake in VAALCO Energy by 61.7% in the first quarter. Wilen Investment Management CORP. now owns 1,396,663 shares of the energy company’s stock valued at $1,187,000 after buying an additional 533,034 shares in the last quarter. Institutional investors and hedge funds own 41.77% of the company’s stock.
Separately, National Securities reaffirmed a “neutral” rating and set a $2.00 price objective on shares of VAALCO Energy in a research report on Wednesday, March 15th.
About VAALCO Energy
VAALCO Energy, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support.
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