About Vaalco Energy
VAALCO Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support. It owns producing properties and conducts exploration activities as an operator in Gabon, West Africa; conducts exploration activities as an operator in Angola, West Africa, and participates in exploration and development activities as a non-operator in Equatorial Guinea, West Africa. In the United States, it operates unconventional resource properties in North Texas and hold undeveloped leasehold acreage in Montana. It also owns minor interests in conventional production activities as a non-operator in the United States. Its Etame Marin block is located offshore the Republic of Gabon. It owns over 640-acre lease in the Hefley field (Granite Wash formation) in North Texas.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Exchange: NYSE
- Symbol: EGY
- CUSIP: 91851C20
- Previous Close: $1.10
- 50 Day Moving Average: $1.15
- 200 Day Moving Average: $0.98
- 52-Week Range: $0.70 - $1.43
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.17
- P/E Growth: -1.39
- Market Cap: $64.50M
- Outstanding Shares: 58,633,000
- Beta: 0.6
- Net Margins: -168.93%
- Return on Equity: -116.97%
- Return on Assets: -19.21%
Companies Related to Vaalco Energy:
- Debt-to-Equity Ratio: 2.54%
- Current Ratio: 0.83%
- Quick Ratio: 0.81%
What is Vaalco Energy's stock symbol?
Vaalco Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGY."
Where is Vaalco Energy's stock going? Where will Vaalco Energy's stock price be in 2017?
1 equities research analysts have issued twelve-month price targets for Vaalco Energy's stock. Their forecasts range from $2.00 to $2.00. On average, they expect Vaalco Energy's stock price to reach $2.00 in the next year.
When will Vaalco Energy announce their earnings?
Vaalco Energy is scheduled to release their next quarterly earnings announcement on Tuesday, March, 14th 2017.
What are analysts saying about Vaalco Energy stock?
Here are some recent quotes from research analysts about Vaalco Energy stock:
National Securities analysts commented, "While lower than the prior quarter, VAALCO showed an increase in year over year production in 1Q16. Specifically, VAALCO produced at a rate of 4.5 thousand barrels of oil equivalent per day (Mboe/d) in 1Q16, relative to 4.3 Mboe/d a year prior. Notably, as an offshore producer, there is a slight distinction between VAALCO’s "daily production", and its "daily sales volumes" (upon which we base our estimates). To that end, the company sold at a rate of 4.2 Mboe per day, essentially flat from a year prior, and 9% lower than our projection of 4.7 Mboe per day. The company also suffered further declines in realized prices, at $28.54 per bbl in 1Q16, down 27% from the prior quarter, and 47% year over year. As a result, VAALCO generated $10.9 million in quarterly revenue, versus our projection of $11.6 million and 37% lower than 4Q15. We do note however VAALCO’s announcement that approximately 33% of forecasted production will be hedged at a price of $40 per barrel. We look favorably on the development, as VAALCO had previously been fully exposed to sharp downturns in oil prices.
Investors should not expect additional drilling activity in 2016. Despite what we expect will be an improving price environment in 2016, it makes little sense for VAALCO to drill additional wells at this point. We note field level breakeven price estimates of approximately $20-$25 per boe, which simply do not provide strong enough economics to warrant the expense. As such, we expect just $3.9 million in capital expenditures for 2016, as the company remains focused on cost reductions and balance sheet stability.
We maintain our $2 price target and NEUTRAL rating for VAALCO. We remain confident in VAALCO’s current base of production, but recognize that the company is at the mercy of fluctuating oil prices. However, we see VAALCO’s inclusion of hedged positions (specifically $40 put contracts), as a positive step in protecting realized prices moving forward. We arrive at our $2 price target (Exhibit 2), using a blended average of VAALCO’s daily production, proved reserves, and projected EBITDA.
According to Zacks Investment Research, "VAALCO ENERGY is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. " (4/28/2016)
Who owns Vaalco Energy stock?
Vaalco Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Kornitzer Capital Management, Inc ("KCM") (8.96%), Dimensional Fund Advisors LP (2.18%), Renaissance Technologies LLC (2.12%), Ancora Advisors LLC (0.30%) and Hotchkis & Wiley Capital Management LLC (0.17%). Company insiders that own Vaalco Energy stock include Alfred John Jr Knapp, Eric J Christ, Frederick W Brazelton, James B Jennings and Steven P Guidry.
Who sold Vaalco Energy stock? Who is selling Vaalco Energy stock?
Vaalco Energy's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP.
Who bought Vaalco Energy stock? Who is buying Vaalco Energy stock?
Vaalco Energy's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC and Hotchkis & Wiley Capital Management LLC. Company insiders that have bought Vaalco Energy stock in the last two years include Alfred John Jr Knapp, Eric J Christ, Frederick W Brazelton, James B Jennings and Steven P Guidry.
How do I buy Vaalco Energy stock?
Shares of Vaalco Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Vaalco Energy stock cost?
One share of Vaalco Energy stock can currently be purchased for approximately $1.10.