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Vaalco Energy Inc . (NYSE:EGY), a crude petroleum and natural gas company with a market capitalization of $357 million and a notable 7.4% dividend yield, held its 2025 Annual Meeting of Stockholders on Thursday. According to InvestingPro data, the company maintains a GOOD financial health score despite operating with moderate debt levels. The meeting included the election of directors and the ratification of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This information is based on a recent SEC filing. The company currently trades at a P/E ratio of 6.2, suggesting potential undervaluation according to InvestingPro’s comprehensive analysis, which includes detailed financial metrics and expert insights available in their Pro Research Report.
A total of 77,038,848 shares were present or represented by proxy at the meeting. Shareholders voted on the election of five directors, each to serve a one-year term. The nominees, Andrew L. Fawthrop, George W. M. Maxwell, Cathy Stubbs, Fabrice Nze-Bekale, and Edward LaFehr, were all elected. The votes cast for each nominee ranged from approximately 54.4 million to 58.3 million, with varying numbers of votes withheld.
In addition to the director elections, shareholders ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm. This proposal received 75,981,783 votes in favor, 428,631 against, and 628,434 abstentions.
An advisory vote on the compensation of the company’s named executive officers was also approved. This proposal saw 55,247,353 votes in favor, 3,809,182 against, and 274,587 abstentions.
All proposals received the requisite votes for approval. The meeting results reflect the decisions made by the company’s stockholders, as reported in a press release statement. Looking ahead, analysts anticipate some headwinds, with InvestingPro data indicating an expected sales decline and challenging profitability outlook for the current year. Subscribers can access additional ProTips and detailed financial forecasts through InvestingPro’s extensive analysis tools.
In other recent news, Vaalco Energy Inc. reported its first-quarter 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of $0.06, missing the anticipated $0.08, while revenue reached $52.19 million, significantly below the forecasted $99.3 million. Despite this earnings miss, Vaalco’s stock saw a slight increase in after-hours trading, suggesting investor confidence in the company’s strategic initiatives. Vaalco has adjusted its 2025 capital budget to $250-300 million, down from the previous $270-330 million, due to commodity price uncertainties. The company plans to initiate a drilling campaign in Gabon in the third quarter of 2025, expecting production increases in late 2025 and 2026. Analysts from various firms have shown interest in Vaalco’s project prioritization amid current market conditions, focusing on the company’s working capital dynamics in Gabon and Egypt. The company also entered into a new reserves-based revolving credit facility to support its growth initiatives. Vaalco’s strategic focus remains on efficient operations and prudent investments, with a diversified portfolio that positions it to navigate challenging market environments.
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