Vaalco Energy Intrinsic Value Calculator – VAALCO ENERGY Reports Q2 Earnings for FY2023, as of June 30 2023, on August 9 2023
August 12, 2023
☀️Earnings Overview
VAALCO ENERGY ($NYSE:EGY) released their earnings results for Q2 of FY2023, which ended on June 30 2023, on August 9 2023. The revenue reported for the quarter was USD 109.2 million, a decrease of 14.3% from the same quarter in the prior year. Similarly, the net income saw a decrease of 55.3% year over year, amounting to USD 6.8 million.
Stock Price
On Wednesday, August 9 2023, VAALCO ENERGY announced its earnings for the second quarter of its fiscal year 2023. The company’s stock opened at $4.4 and closed at the same price, displaying a 1.4% increase from the prior closing price of 4.3. The quarterly earnings report was better than expected and surpassed analyst expectations. This report indicates that VAALCO ENERGY is continuing to have strong financial performance and is continuing to be successful in its operations.
The company’s increased production and revenue is indicative of its success in the current market environment and is helping to drive its future growth. Overall, VAALCO ENERGY reported a strong second quarter performance with improved financial results and increased production. With its strong financial performance and increased production, the company is well-positioned to capitalize on the current market conditions and continue to grow in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vaalco Energy. More…
| Total Revenues | Net Income | Net Margin |
| 410.18 | 35.17 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vaalco Energy. More…
| Operations | Investing | Financing |
| 137.41 | -117.77 | -39.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vaalco Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 829.01 | 377.01 | 4.22 |
Key Ratios Snapshot
Some of the financial key ratios for Vaalco Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.5% | 100.3% | 23.6% |
| FCF Margin | ROE | ROA |
| -4.2% | 13.4% | 7.3% |
Analysis – Vaalco Energy Intrinsic Value Calculator
At GoodWhale, we’ve taken a close look at VAALCO Energy‘s financials and believe that the fair value of their share is around $4.1. Our proprietary Valuation Line technology analyzes the company’s fundamentals and provides a fair price estimate for their stock. Currently, VAALCO Energy is trading at $4.4, making it slightly overvalued by 7.1%. That means that investors may be better off waiting for the stock to come back to its fair value before making any purchases. We would recommend keeping an eye on the stock price and monitoring any changes in fundamentals that could affect the company’s value. More…
Peers
VAALCO Energy Inc is an oil and natural gas company with a focus on exploration and production. The company operates in the United States, Angola, and Gabon. VAALCO’s competitors include SM Energy Co, Athabasca Oil Corp, and ADX Energy Ltd.
– SM Energy Co ($NYSE:SM)
SM Energy Co is a natural gas and oil company with a market cap of 5.48B as of 2022. The company has a Return on Equity of 31.47%. SM Energy Co is engaged in the exploration, development, production, and acquisition of natural gas and oil properties.
– Athabasca Oil Corp ($TSX:ATH)
Athabasca Oil Corporation is a Canadian oil sands company with a market capitalization of $1.57 billion as of 2022. The company’s return on equity is 32.24%. Athabasca Oil Corporation is engaged in the exploration, development, and production of oil and natural gas in the province of Alberta, Canada. The company’s primary asset is the MacKay River oil sands project, which is located approximately 40 kilometers north of Fort McMurray, Alberta.
– ADX Energy Ltd ($ASX:ADX)
ADX Energy Ltd is an oil and gas exploration and production company with a focus on Italy, Romania and Tunisia. The company has a market capitalization of 21.03 million as of 2022 and a return on equity of -70.9%. The company’s operations are focused on the development and production of oil and gas assets in the onshore Pannonian and Adriatic Basins in Italy, the Black Sea in Romania and the Mahdia Permit in Tunisia.
Summary
VAALCO Energy‘s Q2 earnings report for FY2023 has revealed a decrease in both revenue and net income compared to the same quarter of the previous year. Revenue decreased by 14.3%, while net income decreased by 55.3%. This may be a cause for concern amongst investors, considering that VAALCO Energy is an oil and gas exploration and production company.
Investors may want to carefully consider their position in regards to this stock, as the decreasing profits and revenues indicate a potential bear market in the near future. It is important to keep in mind that VAALCO Energy’s performance could be influenced by macroeconomic conditions, such as crude oil prices and production, as well as local supply and demand in the areas where it operates.
