VAALCO Energy (NYSE:EGY) Stock Passes Above 200-Day Moving Average of $4.20

VAALCO Energy, Inc. (NYSE:EGY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.20 and traded as high as $4.24. VAALCO Energy shares last traded at $4.19, with a volume of 615,755 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of VAALCO Energy in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

VAALCO Energy Stock Up 8.6 %

The stock has a market cap of $478.47 million, a price-to-earnings ratio of 13.78 and a beta of 1.37. The stock’s 50-day moving average price is $4.28 and its 200-day moving average price is $4.20. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in VAALCO Energy by 16.0% during the second quarter. BlackRock Inc. now owns 8,358,016 shares of the energy company’s stock worth $31,426,000 after buying an additional 1,151,028 shares during the last quarter. State Street Corp lifted its holdings in shares of VAALCO Energy by 10.9% during the 2nd quarter. State Street Corp now owns 4,606,958 shares of the energy company’s stock worth $17,322,000 after acquiring an additional 454,590 shares during the last quarter. Vanguard Group Inc. increased its position in shares of VAALCO Energy by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,958,262 shares of the energy company’s stock valued at $12,898,000 after purchasing an additional 112,844 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of VAALCO Energy by 122.3% in the 4th quarter. Renaissance Technologies LLC now owns 2,701,191 shares of the energy company’s stock worth $12,317,000 after acquiring an additional 1,486,093 shares during the last quarter. Finally, First Sabrepoint Capital Management LP boosted its position in VAALCO Energy by 42.4% during the first quarter. First Sabrepoint Capital Management LP now owns 2,350,000 shares of the energy company’s stock valued at $10,646,000 after buying an additional 700,000 shares during the period. Institutional investors own 48.60% of the company’s stock.

VAALCO Energy Company Profile

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