VAALCO Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• VAALCO Energy Inc EGY.N reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 3 cents per share.

• Revenue fell 17% to $96.89 million from a year ago; analysts expected $93.34 million.

• VAALCO Energy Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $8.38 million.

• VAALCO Energy Inc shares had fallen by 1.4% this quarter and lost 18.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $8.00, about 55.5% above its last closing price of $3.56

This summary was machine generated from LSEG data August 8 at 05:31 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)