VAALCO Energy (EGY) Trading 8.2% Higher

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VAALCO Energy, Inc. (NYSE:EGY)’s share price traded up 8.2% on Wednesday . The stock traded as high as $2.09 and last traded at $1.98. 575,396 shares traded hands during trading, a decline of 15% from the average session volume of 675,166 shares. The stock had previously closed at $1.83.

The stock has a market cap of $121.86 million, a price-to-earnings ratio of 5.47 and a beta of 0.60.

VAALCO Energy (NYSE:EGY) last issued its earnings results on Monday, August 6th. The energy company reported $0.15 earnings per share for the quarter. The firm had revenue of $24.43 million during the quarter. VAALCO Energy had a net margin of 14.09% and a return on equity of 144.87%.

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in VAALCO Energy during the second quarter worth about $105,000. First Trust Advisors LP bought a new position in VAALCO Energy during the third quarter worth about $232,000. Acadian Asset Management LLC boosted its position in VAALCO Energy by 19.9% during the third quarter. Acadian Asset Management LLC now owns 545,964 shares of the energy company’s stock worth $1,490,000 after purchasing an additional 90,502 shares during the period. Algert Global LLC bought a new position in VAALCO Energy during the second quarter worth about $251,000. Finally, Spark Investment Management LLC bought a new position in VAALCO Energy during the second quarter worth about $446,000. Hedge funds and other institutional investors own 41.58% of the company’s stock.

VAALCO Energy Company Profile (NYSE:EGY)

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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