VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl Sells 10,169 Shares of Stock

VAALCO Energy, Inc. (NYSE:EGY) COO Thor Pruckl sold 10,169 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the sale, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at $691,218.40. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

VAALCO Energy Stock Performance

NYSE:EGY traded down $0.04 during trading hours on Tuesday, hitting $3.84. 1,186,812 shares of the company were exchanged, compared to its average volume of 953,259. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. VAALCO Energy, Inc. has a 52-week low of $3.57 and a 52-week high of $7.51. The stock has a market capitalization of $398.37 million, a price-to-earnings ratio of 4.52 and a beta of 1.16. The company’s 50 day moving average price is $4.16 and its 200-day moving average price is $4.88.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The firm had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. As a group, research analysts forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Friday, February 28th. VAALCO Energy’s dividend payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised VAALCO Energy from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

Institutional Investors Weigh In On VAALCO Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in VAALCO Energy in the 4th quarter worth approximately $226,000. GF Fund Management CO. LTD. purchased a new stake in VAALCO Energy in the fourth quarter valued at $141,000. GTS Securities LLC boosted its holdings in VAALCO Energy by 49.1% in the fourth quarter. GTS Securities LLC now owns 19,268 shares of the energy company’s stock valued at $84,000 after purchasing an additional 6,343 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in VAALCO Energy during the 4th quarter worth about $497,000. Finally, ProShare Advisors LLC raised its stake in shares of VAALCO Energy by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 29,339 shares of the energy company’s stock valued at $128,000 after buying an additional 9,654 shares during the last quarter. Institutional investors and hedge funds 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.