VAALCO Energy (NYSE:EGY) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of VAALCO Energy (NYSE:EGY) from a c rating to a b- rating in a research note released on Wednesday morning, TheStreetRatingsTable reports.

NYSE:EGY opened at $1.57 on Wednesday. The company’s 50-day moving average price is $1.71 and its 200-day moving average price is $1.98. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The company has a market cap of $97.09 million, a P/E ratio of 2.38 and a beta of 1.38. VAALCO Energy has a twelve month low of $1.22 and a twelve month high of $2.88.

Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of VAALCO Energy by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,273,897 shares of the energy company’s stock valued at $1,872,000 after buying an additional 6,417 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of VAALCO Energy by 27.9% during the 4th quarter. Bank of New York Mellon Corp now owns 108,074 shares of the energy company’s stock worth $159,000 after purchasing an additional 23,556 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of VAALCO Energy by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 726,344 shares of the energy company’s stock worth $1,068,000 after purchasing an additional 25,659 shares during the period. Millennium Management LLC grew its stake in shares of VAALCO Energy by 30.0% during the 4th quarter. Millennium Management LLC now owns 58,620 shares of the energy company’s stock worth $86,000 after purchasing an additional 13,526 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of VAALCO Energy by 298.5% during the 1st quarter. Virtu Financial LLC now owns 75,995 shares of the energy company’s stock worth $170,000 after purchasing an additional 56,926 shares during the period. 43.55% of the stock is currently owned by hedge funds and other institutional investors.

About VAALCO Energy

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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