For its second fiscal quarter (ending June 30), Vaalco Energy Inc (NYSE: EGY) has reported a 350% increase in E.P.S. from $0.06 a year ago to $0.27 in the current quarter. This result exceeded the consensus estimate of $0.14 by $0.13. For the latest four quarters through June 30, E.P.S. were $0.81 versus $0.39 for the same period a year ago — an increase of 108%.
Recent Price Action
On 8/6/24, Vaalco Energy Inc (NYSE: EGY) stock was unchanged 0.0%, closing at $5.97. Trading volume in this flat performance was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.7% during the last week.
Current PriceTarget Research Rating
EGY’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Vaalco Energy has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Vaalco Energy has a good Appreciation Score of 71 and a very high Power Rating of 93, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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