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EGY

VAALCO Energy, Inc.

https://www.vaalco.com

Industry

Oil & Gas Exploration & Production

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

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VAALCO Energy shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:48 pm

VAALCO Energy expects its third quarter 2024 NRI sales to be between 21,700 and 24,000 BOEPD, reflecting the addition of the Côte d'Ivoire volume for an entire quarter.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:42 am

VAALCO Energy (NYSE:EGY) reported Q2 2024 adjusted EPS of $0.22, beating the $0.14 estimate by 57.14%. Sales were $116.778M, surpassing the $99.770M estimate by 17.05% and showing a 6.90% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:39 am

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

Three energy stocks, Nabors Industries (NBR), VAALCO Energy (EGY), and Oceaneering International (OII), are currently overbought according to their RSI values. Despite recent gains, these stocks may face downward pressure in the short term.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 11:15 am

VAALCO Energy announced positive updates on its Svenska acquisition, increasing its proved reserves to 16.9 MMBOE as of December 31, 2023. The acquisition significantly expands VAALCO's assets in West Africa, particularly in Côte d'Ivoire, and offers substantial future development opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:36 am

Roth MKM analyst John White maintains a Buy rating on VAALCO Energy (NYSE:EGY) and raises the price target from $7.25 to $8.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:49 pm

VAALCO Energy has successfully drilled, completed, and brought online four high-production wells in Canada, with strong initial production rates. The company is also planning to target an appraisal well in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:23 am

VAALCO Energy (NYSE:EGY) reported Q1 2024 adjusted EPS of $0.06, surpassing the $0.04 estimate, and sales of $100.155M, exceeding the $55.338M estimate. This represents a 14.29% decrease in EPS and a 24.57% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:43 pm

Three energy stocks, Shell plc (SHEL), VAALCO Energy, Inc. (EGY), and Permian Resources Corporation (PR), are considered overbought as of April 10, 2024, based on their RSI values. Shell's operational outlook reflects lower LNG trading results, VAALCO reported strong Q4 financials, and Permian Resources was initiated with a Strong Buy by Raymond James. These conditions suggest potential short-term volatility.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:34 pm

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