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HOUSTON—Thor Pruckl, Chief Operating Officer of Vaalco Energy Inc . (NYSE:EGY), executed a sale of 10,169 shares of common stock on March 24, according to a recent SEC filing. The shares were sold at a price of $3.95 each, totaling $40,167. Following this transaction, Pruckl retains ownership of 174,992 shares in the company. The sale comes as the stock trades near its 52-week low of $3.57, with InvestingPro analysis suggesting the company is currently undervalued despite maintaining a P/E ratio of 6.93 and a price-to-book ratio of 0.79.
Vaalco Energy, headquartered in Houston, is engaged in the exploration and production of crude petroleum and natural gas. With a market capitalization of approximately $399 million, the company operates with moderate debt levels and has maintained profitability over the last twelve months. The transaction was signed off by Matthew Powers, acting as attorney-in-fact for Pruckl. InvestingPro subscribers can access 7 additional key insights and a comprehensive Pro Research Report, offering detailed analysis of Vaalco’s financial health and growth prospects.
In other recent news, VAALCO Energy reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.07, which did not meet the forecasted $0.12. The company’s revenue also fell short of expectations, coming in at $121.72 million against a projected $129.55 million. Despite these shortfalls, VAALCO Energy achieved a record adjusted EBITDAX of $76 million for the quarter and $3 billion for the full year, reflecting strong operational performance. Additionally, the company completed a strategic acquisition of Svenska and successfully executed several operational projects, which have enhanced its competitive position. VAALCO Energy also announced the termination of its existing $50 million credit facility, transitioning to a new reserves-based financing agreement, which is part of its broader strategy to optimize its capital structure. The company amended its existing hedging agreements with Glencore (OTC:GLNCY) Energy UK Ltd. in line with the new financing structure, maintaining its crude oil production off-take arrangements. Looking forward, VAALCO Energy plans to invest between $270 million and $330 million in capital expenditures in 2025, focusing on drilling campaigns and FPSO refurbishment projects in Cote D’Ivoire.
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