VAALCO Energy (NYSE:EGY) Downgraded to “Hold” Rating by StockNews.com

VAALCO Energy (NYSE:EGY) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

VAALCO Energy Price Performance

Shares of NYSE EGY traded down $0.12 during midday trading on Tuesday, reaching $4.25. The company’s stock had a trading volume of 728,453 shares, compared to its average volume of 768,174. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The company has a market cap of $446.13 million, a P/E ratio of 4.99 and a beta of 1.18. The business’s 50 day moving average price is $4.35 and its two-hundred day moving average price is $5.23. VAALCO Energy has a fifty-two week low of $3.96 and a fifty-two week high of $7.51.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc bought a new stake in VAALCO Energy during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of VAALCO Energy in the 4th quarter valued at approximately $38,000. Atria Wealth Solutions Inc. bought a new stake in shares of VAALCO Energy during the 4th quarter worth approximately $44,000. First Manhattan CO. LLC. acquired a new stake in shares of VAALCO Energy during the 4th quarter worth approximately $50,000. Finally, Virtu Financial LLC bought a new position in VAALCO Energy in the fourth quarter valued at approximately $59,000. 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.