Vaalco Energy rises 14.0%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
0mins
Stock Performance: Vaalco Energy's stock has increased by 14.0%, rising 53 cents to a price of $4.32.
Market Context: This change reflects positive movement in the company's market performance as of October 2023.
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Analyst Views on EGY
Wall Street analysts forecast EGY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGY is 7.39 USD with a low forecast of 7.39 USD and a high forecast of 7.39 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.890
Low
7.39
Averages
7.39
High
7.39
Current: 4.890
Low
7.39
Averages
7.39
High
7.39
About EGY
VAALCO Energy, Inc. is an independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. It is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. It owns a working interest in, and is the operator of, the Etame PSC related to the Etame Marin block located offshore Gabon in West Africa. The Etame Marin block covers an area of about 46,200 gross acres. The Company owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. In Egypt, its interests are spread across two regions: the Eastern Desert and the Western Desert. In Harmattan, Canada, it owns production and working interests in Cardium light oil and Mannville liquids-rich gas assets. It also owns a working interest in the Block CI-40 and CI-705 block offshore Cote d’Ivoire in West Africa.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vaalco Energy (EGY) Drills Two Successful Wells at Etame, Initial Estimates of 3.2M Barrels
- Successful Drilling: Vaalco Energy successfully drilled two wells at its Etame complex in Gabon, with the first well encountering high-quality reservoir sands in the Gamba formation at a depth of 2,397 meters, leading to initial estimates of 2.4M to 3.2M barrels, indicating strong production potential.
- Pressure Data Confirmation: Pressure data from the first well confirmed 'strong communication' with nearby producing wells, suggesting the presence of a connected and productive reservoir system, which enhances the company's confidence in further development in the region.
- Second Well Progress: The second well was drilled to a depth of 2,175 meters, also targeting the Gamba formation and intercepting multiple high-quality sand intervals, showcasing the resource richness of the area and potentially laying the groundwork for future commercial development.
- Production Plans: Vaalco is drilling a horizontal production sidetrack off the first well, expected to commence production in the current quarter, which will further enhance the company's cash flow and market competitiveness.
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VAALCO Energy Reports 2025 Sales of 22,100 BOEPD and $35 Million Cash Increase
- Strong Sales Performance: VAALCO achieved sales volumes of approximately 22,100 barrels of oil equivalent per day in 2025, reaching the upper limit of its guidance range, indicating robust performance in the oil and gas market and sustained demand.
- Healthy Cash Flow: As of December 31, 2025, VAALCO increased its cash at bank by nearly $35 million to $58.8 million, reflecting the company's financial health and flexibility in capital expenditures.
- Successful Drilling Program: The Phase Three Drilling Program in Gabon commenced successfully, with the ET-15 well encountering high-quality reservoirs, estimated to hold between 2.4 and 3.2 million barrels of oil, enhancing the development potential of the Etame asset.
- Effective Receivables Management: VAALCO successfully reduced its accounts receivable in Egypt from $113 million to $31 million in 2025, demonstrating effective receivables management that strengthens future cash flow and financial stability.
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