Vaalco Energy Inc Reports Results For The Quarter Ended In June: Earnings Summary

VAALCO Energy

07/08/2024 04:05

* VAALCO Energy Inc  EGY.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 11 cents.  The mean expectation of two analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 11 cents to 14 cents per share.
    * Revenue rose 6.9% to $116.78 million from a year ago;
analysts
expected $96.55 million. 
    * VAALCO Energy Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $28.15
million.
    * VAALCO Energy Inc shares had fallen by 4.8% this
quarter and
gained 33.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for VAALCO Energy Inc
is $9.50 
This summary was machine generated from LSEG data August 7 at
03:05 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.13           0.22           Beat
 Mar. 31 2024      0.03           0.06           Beat
 Dec. 31 2023      0.12           0.37           Beat
 Sep. 30 2023      0.14           0.07           Missed