VAALCO Energy (NYSE:EGY) Stock Rating Lowered by StockNews.com

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

VAALCO Energy Price Performance

Shares of VAALCO Energy stock traded down $0.12 during midday trading on Tuesday, hitting $4.25. 728,453 shares of the company traded hands, compared to its average volume of 768,174. The firm’s fifty day moving average price is $4.35 and its 200-day moving average price is $5.23. The stock has a market cap of $446.13 million, a price-to-earnings ratio of 4.99 and a beta of 1.18. VAALCO Energy has a 12 month low of $3.96 and a 12 month high of $7.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.

Institutional Investors Weigh In On VAALCO Energy

Several hedge funds have recently modified their holdings of EGY. Millennium Management LLC acquired a new position in VAALCO Energy in the 4th quarter worth about $6,515,000. Dimensional Fund Advisors LP grew its holdings in shares of VAALCO Energy by 51.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,093 shares of the energy company’s stock worth $10,784,000 after purchasing an additional 834,398 shares during the last quarter. Foundry Partners LLC increased its stake in shares of VAALCO Energy by 156.8% in the third quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after buying an additional 733,084 shares during the period. First Sabrepoint Capital Management LP raised its holdings in VAALCO Energy by 34.5% in the 4th quarter. First Sabrepoint Capital Management LP now owns 1,950,000 shares of the energy company’s stock valued at $8,522,000 after buying an additional 500,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in VAALCO Energy by 66.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after buying an additional 386,071 shares during the period. 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.