5 Best Oil and Gas Penny Stocks to Buy

3. VAALCO Energy, Inc. (NYSE:EGY)

Number of Hedge Fund Holders: 15

VAALCO Energy, Inc. (NYSE:EGY) shares have gained over 1% year to date. VAALCO Energy, Inc. (NYSE:EGY)’s PE ratio as of July 12 stands at 6.98. In May VAALCO Energy, Inc. (NYSE:EGY) posted Q1 adjusted EPS of $0.07 missing estimates by $0.10. Revenue in the quarter jumped 17.1% year over year to $80.4 million but missing estimates by $7.01 million.

Insider Monkey’s proprietary database of hedge funds shows that 15 hedge funds had stakes in VAALCO Energy, Inc. (NYSE:EGY) as of the end of the first quarter. The total value of these hedge funds’ stakes was about $35 million. The most notable hedge fund stakeholder of VAALCO Energy, Inc. (NYSE:EGY) was George Baxter’s Sabrepoint Capital which owns an $11 million stake in the company.