VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: vaalco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/1/2023 | Buy | Stifel |
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
HOUSTON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today announced that, in conjunction with its 2025/2026 drilling program planned to begin mid-2025 in Gabon, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited ("Borr"), to drill multiple development wells and appraisal/exploration wells, as well as perform workovers, with options to drill additional wells. George Maxwell, Vaalco's Chief Executive Officer commented, "We are excited about the major projects planned for 2025 that are expected to deliver a step-change in organic growth across our portfolio in the coming years. In Gabon, we
HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today announced its participation in an investor event hosted by Water Tower Research ("WTR") on Tuesday, November 19, 2024 at 11:00 a.m. Eastern (10:00 a.m. central and 4 p.m. London). As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead a conversation with George Maxwell, Vaalco's Chief Executive Officer and Director to discuss the Company's preliminary plans for future development and exploration across Vaalco's portfolio in the coming years. Topics will include: The planned drilling program in Gabon;Cote D'Ivoire FPSO maintenan
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today reported operational and financial results for the third quarter of 2024. Third Quarter 2024 Highlights and Recent Key Items: Grew net revenue interest ("NRI")(2) sales to 2,134,000 barrels of oil equivalent ("BOE"), or 23,198 barrels of oil equivalent per day ("BOEPD"), toward the upper end of guidance; and 20% above the second quarter of 2024 due to additional Côte d'Ivoire liftings;Reported Q3 2024 net income of $11.0 million ($0.10 per diluted share) and Adjusted Net Income(1) of $7.9 million ( $0.08 per diluted share);Increased Adjusted EBITDAX(1) by 28% to $92.8 mi
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today declared its quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2024 ($0.25 annualized), which is payable on December 20, 2024, to stockholders of record at the close of business on November 22, 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, Vaalco's Chief Executive Officer, commented, "We are pleased to announce our fourth quarter 2024 dividend which is underpinned by our ongoing operational and financial succes
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("Vaalco" or the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company will issue its third quarter 2024 earnings release on Monday, November 11, 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 Tuesday morning, November 12, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participat
HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Chief Executive Officer George Maxwell is scheduled to make a presentation on Tuesday, August 20th at 8:05 am Mountain Time (9:05 am Central Time). Senior management will also host one-on-one meetings with investors. The presentation will be webcast live and archived on VAALCO's website, www.vaalco.com, in the "Investor Relations" section under "News and Events." An updated investor slide deck will be posted on the website under "Presentations" on the day of the event. Abou
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024. Second Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Updated third-party reserve engineer's calculation of proved reserves as of December 31, 2023 for Svenska that shows significant increase of SEC proved reserves to 16.9 million barrels of oil equivalent ("MMBOE") (93% oil);Realized a $19.9 million bargain purchase gain on the transaction; Reported strong Q2 2024
HOUSTON, Aug. 06, 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 third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 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, VAALCO's Chief Executive Officer, commented, "We are pleased to announce our third quarter 2024 dividend which is strongly supported by our ongoing operational and financial succe
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced that it has posted the recording of a recent interview with its Chief Executive Officer and Director, George Maxwell, on its web site, www.vaalco.com, on the "News and Events" page under the "Investor Relations" tab. Mr. Maxwell recently presented an overview of VAALCO and engaged in a detailed question and answer session hosted by Jasper Wijk, co-founder of Valpal, an investment advisory and research firm that recently initiated coverage of VAALCO. About VAALCO VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA base
HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Group") today announced that it has issued its 2023 Sustainability Report, which is now available on VAALCO's web site, www.vaalco.com, within the Sustainability section. The report covers VAALCO's environmental, social and governance ("ESG") initiatives and related key performance indicators for the financial year 2023. During 2023, the business greatly enhanced its leadership team, appointing new Group-level heads of function to centralize accountability and to set global standards, processes and plans for the business that align with industry best practices. Furthermore, the appoint
CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. ("STEP") is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of STEP's board of directors, effective November 1, 2023. Mr. LaFehr has 40 years of experience in the energy industry managing large and complex onshore and offshore E&P assets. He currently serves as a director of Vaalco Energy, Inc. (NYSE:EGY), a position he has held since Vaalco's combination with TransGlobe Energy in October 2022; Mr. LaFehr was appointed to TransGlobe Energy's board in March 2019. Mr. LaFehr previously served as the president and chief executive officer of Baytex Energy Corporation for six years.
HOUSTON, June 09, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced that it has issued its 2021 Environmental, Social and Governance ("ESG") report, which is now available on VAALCO's web site, www.vaalco.com, under the "Sustainability" tab. The report covers VAALCO's ESG initiatives and related key performance indicators for the three-year period 2019 through 2021. In the preparation of the qualitative and quantitative information and data, the Company continued to consult the Sustainability Accounting Standards Board's ("SASB") Oil and Gas Exploration and Production Sustainability Accounting Standard, and this year took a mor
HOUSTON, June 21, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") announced that its Board of Directors has named Ronald Bain as Chief Financial Officer effective June 21, 2021. Mr. Bain has over 25 years of oil industry experience in a variety of financial roles and has significant capital markets experience. As previously stated, the Board believes that enhancing the Company's corporate presence in London, the primary financial and advisory hub for African energy companies, will augment the experience within VAALCO's leadership and complement the Company's supportive equity shareholder base in the U.S. The European market is an important e
HOUSTON, March 18, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that Elizabeth Prochnow, its Chief Financial Officer, has elected to retire effective March 31, 2021. Ms. Prochnow’s departure is not related to any issues regarding strategy, financial disclosures, accounting or legal matters, or any disagreements with management or the Board. The Company has initiated an executive search to fill the Chief Financial Officer position. Following Ms. Prochnow’s retirement, Jason J. Doornik, VAALCO’s Chief Accounting Officer and Controller, will serve as principal financial officer until a new Chief Financial Officer has been nam
HOUSTON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today announced that, in conjunction with its 2025/2026 drilling program planned to begin mid-2025 in Gabon, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited ("Borr"), to drill multiple development wells and appraisal/exploration wells, as well as perform workovers, with options to drill additional wells. George Maxwell, Vaalco's Chief Executive Officer commented, "We are excited about the major projects planned for 2025 that are expected to deliver a step-change in organic growth across our portfolio in the coming years. In Gabon, we
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today reported operational and financial results for the third quarter of 2024. Third Quarter 2024 Highlights and Recent Key Items: Grew net revenue interest ("NRI")(2) sales to 2,134,000 barrels of oil equivalent ("BOE"), or 23,198 barrels of oil equivalent per day ("BOEPD"), toward the upper end of guidance; and 20% above the second quarter of 2024 due to additional Côte d'Ivoire liftings;Reported Q3 2024 net income of $11.0 million ($0.10 per diluted share) and Adjusted Net Income(1) of $7.9 million ( $0.08 per diluted share);Increased Adjusted EBITDAX(1) by 28% to $92.8 mi
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today declared its quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2024 ($0.25 annualized), which is payable on December 20, 2024, to stockholders of record at the close of business on November 22, 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, Vaalco's Chief Executive Officer, commented, "We are pleased to announce our fourth quarter 2024 dividend which is underpinned by our ongoing operational and financial succes
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("Vaalco" or the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company will issue its third quarter 2024 earnings release on Monday, November 11, 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 Tuesday morning, November 12, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participat
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024. Second Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Updated third-party reserve engineer's calculation of proved reserves as of December 31, 2023 for Svenska that shows significant increase of SEC proved reserves to 16.9 million barrels of oil equivalent ("MMBOE") (93% oil);Realized a $19.9 million bargain purchase gain on the transaction; Reported strong Q2 2024
HOUSTON, Aug. 06, 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 third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 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, VAALCO's Chief Executive Officer, commented, "We are pleased to announce our third quarter 2024 dividend which is strongly supported by our ongoing operational and financial succe
HOUSTON, July 26, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. The Company will issue its second quarter 2024 earnings release on Tuesday, August 6, 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 Wednesday morning, August 7, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time and 4:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participat
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024. First Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Following the planned shutdown for maintenance in April, the Baobab field is back on production with a current rate in excess of 5,000 VAALCO working interest ("WI")(1) barrels of oil equivalent per day ("BOEPD") (99% oil);Strategically expands West African focus area with a sizeable producing asset that has signifi
HOUSTON, May 07, 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 second quarter of 2024 ($0.25 annualized), which is payable on June 21, 2024, to stockholders of record at the close of business on May 17, 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, VAALCO's Chief Executive Officer, commented, "Our ongoing strong operational and financial success has allowed us to continue returning cash to our shareholders through a dividend. We paid
HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced the timing of its first quarter 2024 earnings release and conference call. The Company will issue its first quarter 2024 earnings release on Tuesday, May 7, 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 Wednesday morning, May 8, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time and 4:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
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Stifel initiated coverage of Vaalco Energy with a rating of Buy
ROTH Capital upgraded Vaalco Energy from Neutral to Buy
Roth Capital downgraded VAALCO Energy from Buy to Neutral and set a new price target of $4.00
ROTH Capital downgraded Vaalco Energy from Buy to Neutral
ROTH Capital initiated coverage of Vaalco Energy with a rating of Buy and set a new price target of $4.00