VAALCO Energy, Inc. (NYSE:EGY) Short Interest Update

VAALCO Energy, Inc. (NYSE:EGY) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,050,000 shares, a decrease of 8.5% from the October 15th total of 2,240,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 1.9 days.

VAALCO Energy Price Performance

Shares of VAALCO Energy stock traded up $0.36 during mid-day trading on Friday, reaching $4.55. 1,603,356 shares of the stock were exchanged, compared to its average volume of 767,518. The company has a market cap of $478.48 million, a price-to-earnings ratio of 14.22 and a beta of 1.37. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $4.20. VAALCO Energy has a fifty-two week low of $3.51 and a fifty-two week high of $5.59.

Institutional Investors Weigh In On VAALCO Energy

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of VAALCO Energy during the 1st quarter worth about $40,000. Federated Hermes Inc. increased its position in VAALCO Energy by 122.7% in the 1st quarter. Federated Hermes Inc. now owns 6,319 shares of the energy company’s stock valued at $29,000 after acquiring an additional 3,482 shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in VAALCO Energy by 80.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,446 shares of the energy company’s stock valued at $29,000 after acquiring an additional 2,872 shares in the last quarter. Legal & General Group Plc acquired a new stake in VAALCO Energy in the 2nd quarter valued at about $61,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in VAALCO Energy in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About VAALCO Energy

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.