* VAALCO Energy Inc reported quarterly adjusted earnings of 6 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share.
* Revenue rose 24.6% to $100.16 million from a year ago; analysts expected $55.34 million.
* VAALCO Energy Inc's reported EPS for the quarter was 7 cents.
* The company reported quarterly net income of $7.69 million.
* VAALCO Energy Inc shares had fallen by 9.5% this quarter and gained 40.5% so far this year.
FORECAST CHANGES
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"
Wall Street's median 12-month price target for VAALCO Energy Inc is $8.80 This summary was machine generated from LSEG data May 8 at 08:16 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.04 0.06 Beat
Dec. 31 2023 0.12 0.37 Beat
Sep. 30 2023 0.14 0.07 Missed
Jun. 30 2023 0.14 0.11 Missed
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