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

VAALCO Energy

08/05/2024 09:16

* VAALCO Energy Inc  EGY.N  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of two analysts for the
quarter was for earnings of 4 cents per share. 
    * Revenue rose 24.6% to $100.16 million from a year ago;
analysts
expected $55.34 million. 
    * VAALCO Energy Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $7.69
million.
    * VAALCO Energy Inc shares had fallen by 9.5% this
quarter and
gained 40.5% so far this year.

FORECAST CHANGES
    * 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 $8.80 
This summary was machine generated from LSEG data May 8 at 08:16
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
 Mar. 31 2024      0.04           0.06           Beat
 Dec. 31 2023      0.12           0.37           Beat
 Sep. 30 2023      0.14           0.07           Missed
 Jun. 30 2023      0.14           0.11           Missed