Alert: New Earnings Report (3/13/24)-Vaalco Energy Inc (NYSE: EGY).

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Vaalco Energy Inc (NYSE: EGY) has reported E.P.S. of $0.41 for its fourth fiscal quarter (ending December 31) versus $0.17 for the same period a year ago — an increase of 141%. This result exceeded the consensus estimate of $0.14 by $0.28. E.P.S. were $0.56 for the latest four quarters through December 31 versus $0.74 for the same period a year ago — a decline of -24%.

Recent Price Action

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Vaalco Energy Inc (NYSE: EGY) stock closed at $4.46 on 3/13/24 after a large increase of 2.8%. NORMAL trading volume accompanied the advance. The stock has risen 4.7% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

EGY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

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 inconsistent signals. Vaalco Energy has a very high Appreciation Score of 98 but a neutral Power Rating of 48, resulting in the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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