TheStreet upgraded shares of VAALCO Energy (NYSE:EGY) from a d rating to a c- rating in a research note published on Wednesday morning.

Shares of VAALCO Energy (EGY) opened at $0.82 on Wednesday. The company has a market capitalization of $48.05, a P/E ratio of 15.00 and a beta of 0.32. VAALCO Energy has a 52 week low of $0.68 and a 52 week high of $1.43. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.52.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $18.18 million during the quarter. VAALCO Energy had a return on equity of 77.99% and a net margin of 3.43%.

Institutional investors have recently modified their holdings of the company. Tieton Capital Management LLC increased its position in shares of VAALCO Energy by 6.1% during the second quarter. Tieton Capital Management LLC now owns 2,381,477 shares of the energy company’s stock valued at $2,227,000 after acquiring an additional 136,846 shares during the last quarter. Alta Fundamental Advisers LLC purchased a new stake in shares of VAALCO Energy during the second quarter valued at approximately $1,126,000. Wilen Investment Management CORP. increased its position in shares of VAALCO Energy by 11.7% during the second quarter. Wilen Investment Management CORP. now owns 1,559,610 shares of the energy company’s stock valued at $1,404,000 after acquiring an additional 162,947 shares during the last quarter. California Public Employees Retirement System increased its position in shares of VAALCO Energy by 64.5% during the first quarter. California Public Employees Retirement System now owns 299,700 shares of the energy company’s stock valued at $275,000 after acquiring an additional 117,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of VAALCO Energy by 6.2% during the first quarter. Renaissance Technologies LLC now owns 1,320,700 shares of the energy company’s stock valued at $1,211,000 after acquiring an additional 76,769 shares during the last quarter. 38.23% of the stock is owned by hedge funds and other institutional investors.

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VAALCO Energy Company Profile

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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