VAALCO Energy, Inc. (EGY) is set to release fourth-quarter results on Mar 13. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 15 cents per unit on revenues of $130.5 million.Let’s delve into the factors that might have influenced the West Africa-focused oil and gas finder’s results in the December quarter. But it’s worth taking a look at EGY’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based ...

Vaalco Energy (EGY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 13, 2024, might help the stock move higher if these key numbers are better than ...

VAALCO Energy (EGY) entered into an agreement to acquire Svenska Petroleum Exploration AB from Petroswede AB, for a gross consideration of $66.5 million. Svenska Petroleum Exploration AB is a privately held exploration and production company based in Stockholm, Sweden. As part of the acquisition, VAALCO will acquire 100% of the share capital of Svenska from Petroswede AB, effective from Oct 1, 2023.The purchase will be funded by a pre-closing dividend on Svenska’s balance sheet to Petroswede AB and VAALCO’s ...

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its fourth quarter and full year 2023 earnings release and conference call. The Company will issue its fourth quarter 2023 earnings release on Wednesday, March 13, 2024 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Thursday morning, March 14, 2024 at 10:00 a.m. Central Time (1 ...

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its fourth quarter and full year 2023 earnings release and conference call. The Company will issue its fourth quarter 2023 earnings release on Wednesday, March 13, 2024 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Thursday morning, March 14, 2024 at 10:00 a.m. Central Time (1 ...

HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced that it has entered into a sales and purchase agreement ("SPA") to acquire Svenska Petroleum Exploration AB ("Svenska"), a privately-held exploration and production ("E&P") company based in Stockholm, Sweden (the "Acquisition"). Svenska's primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d'Ivoire in West ...

HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussions with the owner of Svenska Petroleum Exploration AB ("Svenska") regarding a possible debt-free corporate transaction to acquire Svenska whose primary asset is a 27.39% interest in Block CI-40, offshore Cote d'Ivoire, which has current working interest production of a ...

HOUSTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0625 per share of common stock for the first quarter of 2024 ($0.25 annualized), which is payable on March 28, 2024, to stockholders of record at the close of business on March 8, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VA ...

Industry watchers expect 2024 to be a much stronger year for energy stocks for growth than 2023. Fidelity, for example, expects energy stocks to rebound due to limited supply, healthy demand, and increasing investment In production. 2023 was a particularly weak year for energy stocks. By mid-December, the energy sector had fallen by 6.7% while the overall markets increased by nearly 20%.However, the energy sector showed some signs of vitality to end the year improving to an overall 1.3% decline in 2023. Gra ...

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