Bullish Case: Recent financials beat expectations, with revenue up 5% and EPS 35% above predictions, hinting at potential re-rating. Analyst upgrades post-results signal underappreciated growth potential, reflecting high optimism for EGY, underscored by the Venus-Block P development.


Bearish Case: Despite recent earnings beat, analysts forecast an 8.3% revenue decline for 2024, conflicting with industry growth. Historical share performance and sectorial headwinds suggest sustained underperformance, aligned with broader industry struggles.


Potential Outcomes:

1. Positive re-rating following development successes (30%);

2. Underperformance relative to sector, due to predicted revenue declines (50%);

3. Market aligns with bullish future EPS estimates leading to stock recovery (20%).


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April 19, 2024


VAALCO Energy Forecast

EGY        VAALCO Energy
Price Forecast: BULLISH    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with EGY



WMB Forecast + Options Trading Strategies   [WMB]  Williams Cos (0.76)


CNQ Forecast + Options Trading Strategies   [CNQ]  Canadian Natural Resources (0.73)


TRGP Forecast + Options Trading Strategies   [TRGP]  Targa Resources (0.72)


PXD Forecast + Options Trading Strategies   [PXD]  Pioneer Natural Resources (0.71)


SM Forecast + Options Trading Strategies   [SM]  SM Energy (0.71)



Uncorrelated Stock Forecasts

Assets with little price relationship to EGY



PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.0)


QYLD Forecast + Options Trading Strategies   [QYLD]  Global X NASDAQ 100 Covered Call (0.0)


TOST Forecast + Options Trading Strategies   [TOST]  Toast (0.0)


SHY Forecast + Options Trading Strategies   [SHY]  BTC iShares 1-3 Year Trea (-0.0)


JANX Forecast + Options Trading Strategies   [JANX]  Janux Therapeutics (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against EGY



MAXN Forecast + Options Trading Strategies   [MAXN]  Maxeon Solar (-0.6)


CHPT Forecast + Options Trading Strategies   [CHPT]  ChargePoint (-0.61)


IEP Forecast + Options Trading Strategies   [IEP]  Icahn (-0.63)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.68)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.7)





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