FY2024 EPS Estimates for VAALCO Energy Lowered by Analyst

VAALCO Energy, Inc. (NYSE:EGY) – Equities research analysts at Roth Capital lowered their FY2024 earnings estimates for VAALCO Energy in a report issued on Tuesday, December 17th. Roth Capital analyst J. White now expects that the energy company will post earnings per share of $0.43 for the year, down from their previous estimate of $0.50. The consensus estimate for VAALCO Energy’s current full-year earnings is $0.50 per share. Roth Capital also issued estimates for VAALCO Energy’s Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

Separately, StockNews.com cut shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Thursday.

VAALCO Energy Stock Performance

VAALCO Energy stock traded up $0.04 during midday trading on Thursday, reaching $4.42. 48,751 shares of the company’s stock were exchanged, compared to its average volume of 987,413. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The firm has a market cap of $458.54 million, a price-to-earnings ratio of 5.20 and a beta of 1.18. VAALCO Energy has a 52 week low of $4.03 and a 52 week high of $7.51. The stock’s 50-day simple moving average is $5.35 and its 200 day simple moving average is $5.96.

VAALCO Energy (NYSE:EGY) last issued its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The business had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. During the same period in the previous year, the business posted $0.07 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in VAALCO Energy during the 2nd quarter worth about $96,000. Bank of New York Mellon Corp lifted its stake in shares of VAALCO Energy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 1,318,650 shares of the energy company’s stock worth $8,268,000 after acquiring an additional 76,779 shares during the period. Bailard Inc. bought a new stake in VAALCO Energy in the second quarter valued at approximately $256,000. Arkadios Wealth Advisors acquired a new stake in VAALCO Energy during the 2nd quarter valued at approximately $64,000. Finally, Innealta Capital LLC bought a new position in VAALCO Energy during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 50.32% of the company’s stock.

VAALCO Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, November 22nd. VAALCO Energy’s dividend payout ratio (DPR) is 29.41%.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.