VAALCO Energy FY2024 EPS Estimate Decreased by Roth Capital

VAALCO Energy, Inc. (NYSE:EGY) – Analysts at Roth Capital reduced their FY2024 earnings estimates for shares of VAALCO Energy in a research report issued to clients and investors on Tuesday, December 17th. Roth Capital analyst J. White now forecasts that the energy company will post earnings of $0.43 per share 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.

VAALCO Energy (NYSE:EGY) last posted its earnings results on Monday, November 11th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The firm had revenue of $140.33 million during the quarter, compared to the consensus estimate of $128.64 million. During the same quarter last year, the firm posted $0.07 EPS.

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

VAALCO Energy Price Performance

VAALCO Energy stock opened at $4.29 on Thursday. The business’s fifty day moving average is $5.32 and its two-hundred day moving average is $5.95. 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 $445.06 million, a P/E ratio of 5.05 and a beta of 1.18. VAALCO Energy has a 52 week low of $4.03 and a 52 week high of $7.51.

Institutional Trading of VAALCO Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of VAALCO Energy by 7,129.3% during the second quarter. Dimensional Fund Advisors LP now owns 895,210 shares of the energy company’s stock worth $5,613,000 after buying an additional 882,827 shares during the last quarter. Foundry Partners LLC raised its position in shares of VAALCO Energy by 156.8% during the 3rd quarter. Foundry Partners LLC now owns 1,200,474 shares of the energy company’s stock valued at $6,891,000 after acquiring an additional 733,084 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of VAALCO Energy by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 2,813,832 shares of the energy company’s stock valued at $17,643,000 after purchasing an additional 701,568 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VAALCO Energy by 66.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 386,071 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of VAALCO Energy during the third quarter worth $1,676,000. 50.32% of the stock is owned by institutional investors.

VAALCO Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 5.83%. VAALCO Energy’s payout ratio 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.