Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $3.22 USD
Change Today 0.00 / 0.00%
Volume 1.0M
EGY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

vaalco energy inc (EGY) Snapshot

Open
$3.20
Previous Close
$3.22
Day High
$3.29
Day Low
$3.16
52 Week High
08/25/14 - $9.67
52 Week Low
03/23/15 - $2.99
Market Cap
186.4M
Average Volume 10 Days
2.4M
EPS TTM
$0.36
Shares Outstanding
57.9M
EX-Date
07/22/09
P/E TM
8.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for VAALCO ENERGY INC (EGY)

vaalco energy inc (EGY) Related Bloomberg News

View More Bloomberg News

vaalco energy inc (EGY) Related Businessweek News

No Related Businessweek News Found

vaalco energy inc (EGY) Details

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas in the United States. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, as well as conducts exploration activities as a non-operator in Equatorial Guinea, West Africa. It also acts as the operator of unconventional resource properties in North Texas and a lease hold in Montana; and owns minor interests in conventional production activities as a non-operator. The company has interests in 28,700 gross acre offshore block in Gabon, the Etame Marin block; 28.1% interest in the development areas in and surrounding the Etame, Avouma, South Tchibala, and Ebouri fields; a 50% working interest in Mutamba Iroru block with an exploration area of approximately 270,000 acres located onshore near the coast in central Gabon; and a 40% working interest in Block 5 with approximately 1.4 million acres offshore, Angola. In addition, it owns a 31% working interest in Block P located offshore Equatorial Guinea; 640 and 480 acre leases in the Granite Wash formation in North Texas; a 50% working interest in approximately 11,000 net acres in Roosevelt County, Montana; minor interests in Brazos County, Texas; and non-operated interests in the Gulf of Mexico and in Pickens County, Alabama. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas.

113 Employees
Last Reported Date: 03/16/15
Founded in 1984

vaalco energy inc (EGY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $378.1K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $723.7K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $533.8K
Executive Vice President
Total Annual Compensation: $470.1K
Compensation as of Fiscal Year 2013.

vaalco energy inc (EGY) Key Developments

Vaalco Energy Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-22-2015

Vaalco Energy Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-22-2015 . Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States. Speakers: Steven P. Guidry, Chairman and Chief Executive Officer.

Vaalco Energy Inc. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter of 2014; Provides Production Guidance for the Fist Quarter and Year of 2015 and Provides Capital Expenditures Guidance for the Year 2015 and 2016

Vaalco Energy Inc. reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported oil and gas sales of $23,037,000 against $58,282,000 a year ago. Operating loss was $94,270,000 against operating income of $35,950,000 a year ago. Loss before income taxes was $94,742,000 against income before income taxes of $36,023,000 a year ago. Net loss attributable to the company was $98,332,000 or $1.70 per basic and diluted share against net income attributable to the company of $26,375,000 or $0.46 per basic and diluted share a year ago. Adjusted net income was $9,000 against $26,375,000 a year ago. The decrease in revenue is primarily related to a decrease in the realized sales price per barrel and due to lower number of barrels lifted from the Company's offshore Gabon operations in the fourth quarter of 2014 compared to the fourth quarter of 2013. For the year, the company reported oil and gas sales of $127,691,000 against $169,277,000 a year ago. Operating loss was $54,406,000 against operating income of $77,225,000 a year ago. Loss before income taxes was $55,064,000 against income before income taxes of $77,187,000 a year ago. Net loss attributable to the company was $77,550,000 or $1.36 per basic and diluted share against net income attributable to the company of $43,072,000 or $0.74 per diluted share a year ago. Net cash provided by operating activities was $23,390,000 against $75,401,000 a year ago. Property and equipment expenditures were $92,179,000 against $66,879,000 a year ago. Adjusted net income was $20,791,000 or $0.36 per diluted share against $43,072,000 or $0.74 per diluted share a year ago. The decrease in net income for full year 2014, compared to the same period in 2013, is primarily attributable to the impairment charge and due to lower revenue resulting from the impact of the decline in oil prices and lower amounts of barrels lifted from Company's offshore Gabon operations. The decrease in revenue is primarily related to the lower number of barrels lifted from the Company's offshore Gabon operations and a decrease in the realized sales price per barrel in the year ended December 31, 2014 compared to the year ended December 31, 2013. For the fourth quarter, the company produced on a net basis approximately 333,000 Bbls from its offshore Gabon operations compared to 405,000 Bbls produced in the fourth quarter of 2013. For the year 2014, the company produced on a gross basis approximately 5,803,000 barrels of crude oil (1,417,000 Bbls net to the Company), compared to approximately 6,244,000 Bbls (1,525,000 Bbls net to the Company) for the year ended December 31, 2013. For the fourth quarter of 2014, the company recorded an impairment loss of $98.3 million to write down its investment in certain fields comprising the Etame Marine Block, offshore Gabon, to its fair value. An impairment of $38.5 was recorded in the Etame field, $5.9 million in the Ebouri field and $53.9 million in the Southeast Etame/North Tchibala field. The impairment is a result of the recent decline in the forecasted oil prices used in the impairment evaluation. For the year 2015, the company's 2015 capital expenditures are expected to be in the range of $65.0 million to $75.0 million to further develop the Etame Marin block offshore Gabon and to drill an exploration well on Block 5 in Angola. The company expected net production for 2015 will most likely be in the range between 3,900 and 4,600 barrels of oil per day. The company expected net production for the first quarter of 2015 to average approximately 4,150 barrels a day. Looking ahead to 2016, the company expects capital spend to be down from 2015.

Vaalco Energy Inc. to Report Q4, 2014 Results on Mar 16, 2015

Vaalco Energy Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 16, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EGY:US $3.22 USD 0.00

EGY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Goodrich Petroleum Corp $3.28 USD -0.22
JKX Oil & Gas PLC 32.25 GBp 0.00
Mart Resources Inc C$0.58 CAD -0.01
Niko Resources Ltd C$0.39 CAD -0.005
Warren Resources Inc $0.95 USD -0.0801
View Industry Companies
 

Industry Analysis

EGY

Industry Average

Valuation EGY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VAALCO ENERGY INC, please visit www.vaalco.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.