Q1 2024 Earnings Forecast for VAALCO Energy, Inc. Issued By Roth Capital (NYSE:EGY)

VAALCO Energy, Inc. (NYSE:EGY) – Stock analysts at Roth Capital dropped their Q1 2024 earnings per share estimates for shares of VAALCO Energy in a research report issued to clients and investors on Monday, April 22nd. Roth Capital analyst J. White now forecasts that the energy company will post earnings per share of $0.02 for the quarter, down from their previous estimate 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 VAALCO Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th.

VAALCO Energy Price Performance

Shares of NYSE:EGY opened at $6.45 on Wednesday. VAALCO Energy has a one year low of $3.51 and a one year high of $7.51. The stock has a market capitalization of $665.60 million, a price-to-earnings ratio of 11.51 and a beta of 1.29. The company has a 50-day simple moving average of $5.75 and a 200-day simple moving average of $4.88. 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 released its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.22. The firm had revenue of $149.15 million for the quarter, compared to the consensus estimate of $130.53 million. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%.

VAALCO Energy Increases Dividend

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

Institutional Trading of VAALCO Energy

Hedge funds have recently made changes to their positions in the company. Unison Advisors LLC boosted its stake in shares of VAALCO Energy by 1.4% in the first quarter. Unison Advisors LLC now owns 128,087 shares of the energy company’s stock valued at $893,000 after buying an additional 1,734 shares in the last quarter. Swiss National Bank increased its holdings in shares of VAALCO Energy by 1.3% in the 3rd quarter. Swiss National Bank now owns 237,100 shares of the energy company’s stock valued at $1,041,000 after purchasing an additional 3,100 shares in the last quarter. Values First Advisors Inc. lifted its stake in shares of VAALCO Energy by 0.8% in the third quarter. Values First Advisors Inc. now owns 404,530 shares of the energy company’s stock valued at $1,776,000 after purchasing an additional 3,315 shares during the period. Private Advisor Group LLC boosted its holdings in VAALCO Energy by 10.6% during the fourth quarter. Private Advisor Group LLC now owns 36,923 shares of the energy company’s stock worth $166,000 after buying an additional 3,538 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in VAALCO Energy by 22.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,739 shares of the energy company’s stock worth $89,000 after buying an additional 3,650 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.