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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.

Open

5.36

Mkt cap

546M

Volume

889K

High

5.47

P/E Ratio

6.57

52-wk high

7.50

Low

5.25

Div yield

0.05

52-wk low

4.03

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

As of March 26, 2024, three energy stocks, Archrock, Inc. (AROC), Tidewater Inc. (TDW), and VAALCO Energy, Inc. (EGY), are considered overbought based on their RSI values, indicating potential short-term performance concerns. AROC's recent gains follow better-than-expected sales, TDW's stock rose after a year of significant milestones and profitable growth, and EGY's stock surged due to record financial results and successful acquisition integration.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:36 pm

VAALCO Energy's shares are trading higher following the announcement of finalized agreements in Equatorial Guinea, indicating positive market reception.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:21 pm

VAALCO Energy, Inc. has received approval from the Government of Equatorial Guinea for the Joint Operating Agreement related to the Venus-Block P Plan of Development. This approval, under the Block P Production Sharing Contract, initiates a 25-year development and production period.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 7:06 am

U.S. stocks traded lower with the Dow Jones falling over 100 points. Dick's Sporting Goods reported better-than-expected Q4 results and strong guidance. Turtle Beach announced an acquisition and a tender offer, while VAALCO Energy and Build-A-Bear Workshop reported strong financial results. Conversely, Spruce Biosciences, Fisker, and Better Therapeutics saw significant drops, with Fisker preparing for possible bankruptcy and Better Therapeutics seeking strategic alternatives.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 6:47 pm

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Energy shares rose by 0.4%, while real estate shares fell by 0.6%. Dollar General reported better-than-expected Q4 earnings, with a sales decline of 3.4% but still beating estimates. Turtle Beach, VAALCO Energy, and Build-A-Bear Workshop saw their shares rise after positive financial results or acquisitions. Conversely, Spruce Biosciences, Fisker, and Better Therapeutics experienced significant drops, with Fisker preparing for possible bankruptcy and Better Therapeutics seeking strategic alternatives.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 4:14 pm

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