Todays Report: Today: Vaalco Energy Inc. (EGY) Given Average Recommendation of “Buy” by Brokerages

Today: Vaalco Energy Inc. (EGY) Given Average Recommendation of “Buy” by Brokerages

Shares of Vaalco Energy Inc. (NYSE:EGY) have earned an average broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports.

Zacks has also assigned Vaalco Energy an industry rank of 99 out of 265 based on the ratings given to its competitors.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS increased its position in Vaalco Energy by 7.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 4,792,510 shares of the energy company’s stock valued at $4,453,000 after buying an additional 340,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Vaalco Energy by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,602,754 shares of the energy company’s stock valued at $1,489,000 after buying an additional 10,608 shares in the last quarter. Adams Asset Advisors LLC increased its position in Vaalco Energy by 18.1% in the second quarter. Adams Asset Advisors LLC now owns 592,407 shares of the energy company’s stock valued at $627,000 after buying an additional 90,909 shares in the last quarter. Royal Bank of Canada increased its position in Vaalco Energy by 2.6% in the second quarter. Royal Bank of Canada now owns 412,440 shares of the energy company’s stock valued at $437,000 after buying an additional 10,312 shares in the last quarter. Finally, HGK Asset Management Inc. bought a new position in Vaalco Energy during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 41.92% of the company’s stock.

Shares of Vaalco Energy (NYSE:EGY) traded up 3.644% on Monday, reaching $0.785. The company’s stock had a trading volume of 45,071 shares. The company’s 50 day moving average price is $0.81 and its 200 day moving average price is $0.96. Vaalco Energy has a 12-month low of $0.70 and a 12-month high of $2.10. The company’s market cap is $46.03 million.

About Vaalco Energy

VAALCO Energy, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support.

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