* VAALCO Energy Inc reported quarterly adjusted earnings of 8 cents per share for the quarter ended September 30, higher 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 14 cents per share. Wall Street expected results to range from 12 cents to 17 cents per share.
* Revenue rose 20.7% to $140.33 million from a year ago; analysts expected $135.32 million.
* VAALCO Energy Inc's reported EPS for the quarter was 10 cents.
* The company reported quarterly net income of $10.99 million.
* VAALCO Energy Inc shares had fallen by 3.7% this quarter and gained 23.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 20.8% in the last three months.
* 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 $9.40 This summary was machine generated from LSEG data November 12 at 01:37 p.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
Sep. 30 2024 0.15 0.08 Missed
Jun. 30 2024 0.13 0.22 Beat
Mar. 31 2024 0.03 0.06 Beat
Dec. 31 2023 0.12 0.37 Beat
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