Vaalco Energy Inc Reports Results For The Quarter Ended September 30: Earnings Summary

VAALCO Energy

12/11/2024 13:37

* VAALCO Energy Inc  EGY.N  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended September 30,
higher 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 14 cents per share. Wall
Street expected results to range from 12 cents to 17 cents per
share.
    * Revenue rose 20.7% to $140.33 million from a year ago;
analysts
expected $135.32 million. 
    * VAALCO Energy Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $10.99
million.
    * VAALCO Energy Inc shares had fallen by 3.7% this
quarter and
gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.8%
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 $9.40 
This summary was machine generated from LSEG data November 12 at
01:37 p.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
 Sep. 30 2024      0.15           0.08           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