Q1 2024 EPS Estimates for VAALCO Energy, Inc. (NYSE:EGY) Decreased by Analyst

VAALCO Energy, Inc. (NYSE:EGY) – Analysts at Roth Capital cut their Q1 2024 earnings per share (EPS) estimates for VAALCO Energy in a research note issued on Monday, April 22nd. Roth Capital analyst J. White now forecasts that the energy company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.25. The consensus estimate for VAALCO Energy’s current full-year earnings is $1.23 per share. Roth Capital also issued estimates for VAALCO Energy’s Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.06 EPS and FY2024 earnings at $0.20 EPS.

Separately, StockNews.com upgraded shares of VAALCO Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th.

VAALCO Energy Stock Up 0.2 %

Shares of NYSE:EGY opened at $6.45 on Wednesday. The company has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $4.88. The company has a market capitalization of $665.60 million, a PE ratio of 11.51 and a beta of 1.29. VAALCO Energy has a 52 week low of $3.51 and a 52 week high of $7.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.77 and a current ratio of 1.79.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The company had revenue of $149.15 million during the quarter, compared to analysts’ expectations of $130.53 million.

VAALCO Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a dividend of $0.063 per share. This is an increase from VAALCO Energy’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, March 7th. VAALCO Energy’s dividend payout ratio (DPR) is 44.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EGY. DekaBank Deutsche Girozentrale acquired a new stake in shares of VAALCO Energy during the third quarter worth $38,000. Bleakley Financial Group LLC bought a new position in shares of VAALCO Energy during the fourth quarter worth about $52,000. Simplicity Solutions LLC acquired a new stake in VAALCO Energy in the 4th quarter valued at approximately $52,000. Navellier & Associates Inc. acquired a new stake in VAALCO Energy in the 3rd quarter valued at approximately $67,000. Finally, Principal Financial Group Inc. lifted its stake in VAALCO Energy by 34.7% in the 3rd quarter. Principal Financial Group Inc. now owns 15,609 shares of the energy company’s stock valued at $69,000 after acquiring an additional 4,020 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.

About VAALCO Energy

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.