Vaalco Energy Inc Expected To Post Earnings Of 14 Cents A Share: Earnings Preview

VAALCO Energy

03/08/2024 03:56

* VAALCO Energy Inc  EGY.N   EGY  is expected to show a fall
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
8.7% decrease in revenue to $99.77 million from $109.24 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for VAALCO Energy Inc is for
earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for VAALCO
Energy Inc
is $9.50​, above​ its last closing price of $6.23. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Capital Expenditures between USD30 million and USD50
million.
This summary was machine generated August 3 at 02:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)