VAALCO Energy (EGY) Stock Price, News & Analysis

Company Overview

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. It also owns 100% interest in the Eastern Desert, which contains West Gharib, West Bakr and North West Gharib merged concessions covering as area of approximately 45,067 acres, as well as Western Desert, which contains the South Ghazalat concession covering as area of approximately 7,340 acres located in Egypt. In addition, the company production and working interests in Cardium light oil and Mannville liquids-rich gas assets covering as area of 47,400 gross acres located near the north of Calgary, Alberta; and an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $5.24 to $5.41
• 50-Day Range: $5.25 to $6.39
• 52-Week Range: $4.03 to $7.51
• Volume: 1.36 million shs
• Average Volume: 985,682 shs
• Market Capitalization: $560.71 million
• P/E Ratio: 6.36
• Dividend Yield: 4.63%
• Price Target: $8.00
• Consensus Rating: Buy

VAALCO Energy Stock Analysis - MarketRank™

VAALCO Energy scored higher than 73% of companies evaluated by MarketBeat, and ranked 97th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

VAALCO Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

VAALCO Energy has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -34.00%

Earnings Growth

Earnings for VAALCO Energy are expected to decrease by -34.00% in the coming year, from $0.50 to $0.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of VAALCO Energy is 6.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of VAALCO Energy is 6.36, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.45.

Price to Book Value per Share Ratio

VAALCO Energy has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.79% of the outstanding shares of VAALCO Energy have been sold short.

Short Interest Ratio / Days to Cover

VAALCO Energy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in VAALCO Energy has recently decreased by 0.51%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

VAALCO Energy is a leading dividend payer. It pays a dividend yield of 4.68%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

VAALCO Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of VAALCO Energy is 29.41%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, VAALCO Energy will have a dividend payout ratio of 75.76% in the coming year. This indicates that VAALCO Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.79% of the outstanding shares of VAALCO Energy have been sold short.

Short Interest Ratio / Days to Cover

VAALCO Energy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in VAALCO Energy has recently decreased by 0.51%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

VAALCO Energy has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for VAALCO Energy this week, compared to 3 articles on an average week.

Search Interest

Only 6 people have searched for EGY on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added VAALCO Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, VAALCO Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.30% of the stock of VAALCO Energy is held by insiders.

Percentage Held by Institutions

50.32% of the stock of VAALCO Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EGY Stock Analysis - Frequently Asked Questions

How have EGY shares performed this year?

VAALCO Energy's stock was trading at $4.49 at the beginning of the year. Since then, EGY shares have increased by 20.4% and is now trading at $5.4050.
View the best growth stocks for 2024 here.

How were VAALCO Energy's earnings last quarter?

VAALCO Energy, Inc. (NYSE:EGY) released its quarterly earnings results on Monday, November, 11th. The energy company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.04. The energy company earned $140.33 million during the quarter, compared to analysts' expectations of $128.64 million. VAALCO Energy had a net margin of 17.93% and a trailing twelve-month return on equity of 15.63%.

Who are VAALCO Energy's major shareholders?

Top institutional shareholders of VAALCO Energy include State Street Corp (4.13%), Kornitzer Capital Management Inc. KS (2.45%), Geode Capital Management LLC (2.40%) and Tieton Capital Management LLC (1.41%). Insiders that own company stock include Andrew Lawrence Fawthrop, George WM Maxwell, Thor Pruckl, Ronald Y Bain, Edward David Lafehr and Jason Doornik.
View institutional ownership trends.

How do I buy shares of VAALCO Energy?

Shares of EGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of VAALCO Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that VAALCO Energy investors own include NVIDIA (NVDA), Meta Platforms (META), Invesco QQQ (QQQ), Broadcom (AVGO), Arista Networks (ANET), Advanced Micro Devices (AMD) and CrowdStrike (CRWD).

Company Calendar

• Ex-Dividend for 9/20 Dividend: 8/23/2024
• Dividend Payable: 9/20/2024
• Last Earnings: 11/11/2024
• Today: 11/22/2024
• Ex-Dividend for 12/20 Dividend: 11/22/2024
• Dividend Payable: 12/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:EGY
• CUSIP: 91851C20
• CIK: 894627
• Web: www.vaalco.com
• Phone: (713) 623-0801
• Fax: 713-623-0982
• Employees: 120
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +48.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.85
• Trailing P/E Ratio: 6.36
• Forward P/E Ratio: 10.81
• P/E Growth: N/A
• Net Income: $60.35 million
• Net Margins: 17.93%
• Pretax Margin: 38.02%
• Return on Equity: 15.63%
• Return on Assets: 8.72%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 1.34
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $455.07 million
• Price / Sales: 1.23
• Cash Flow: $1.74 per share
• Price / Cash Flow: 3.10
• Book Value: $4.83 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 103,740,000
• Free Float: 102,394,000
• Market Cap: $560.71 million
• Optionable: Optionable
• Beta: 1.19