VAALCO Energy stock fell 1.29 percent on October 2 after Q2 gains
Published on 10/04/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
VAALCO Energy stock (ISIN US91851C2017) fell 1.29 percent to USD 5.72 on the NYSE on October 2, 2026, leaving the shares 14.7 percent below the 52-week high of USD 6.72. The company reported a sharp second-quarter recovery on August 6, with net income of USD 42.4 million and adjusted EBITDAX of USD 54.8 million, according to Vaalco Energy.
Q2 profit reverses the loss
For the quarter ended June 30, 2026, revenue reached USD 135.2 million, compared with USD 62.6 million in Q1. Diluted earnings per share were USD 0.39, while the company had reported a diluted loss per share of USD 0.90 in the first quarter, according to Yahoo Finance.
The operational improvement was visible in sales volumes. Net revenue interest sales reached 17,812 barrels of oil equivalent per day, up 47 percent from Q1, while the average commodity price rose to USD 80.77 per barrel of oil equivalent from USD 57.21, according to Yahoo Finance.
Guidance meets execution risks
VAALCO's investor-relations page shows Q2 production of 16,688 net revenue interest barrels of oil equivalent per day, adjusted EBITDAX of USD 54.8 million and unrestricted cash of USD 30.4 million. The company also forecast third-quarter production of 19,600 to 21,600 net revenue interest barrels per day, with the Baobab field restart in Cote d'Ivoire contributing to the increase, according to Vaalco Energy.
The six-month picture is less clean than the second-quarter headline. Yahoo Finance reported a first-half net loss of USD 51.3 million, reflecting derivative losses and higher exploration and administrative costs, while production expenses rose to USD 28.06 per barrel of oil equivalent in Q2.
Analysts see limited upside
MarketBeat lists a Reduce consensus based on 2 analysts and an average price target of USD 7.30. Against the October 2 price of USD 5.72, that target lies 27.6 percent above the share price, according to MarketBeat.
VAALCO Energy stock stays below its yearly high
VAALCO Energy stock was last at USD 5.72 on the NYSE on October 2, 2026, with a 52-week range of USD 3.36 to USD 6.72. Its market capitalization was USD 602.2 million and trading volume was 961,322 shares on that session.
VAALCO Energy stock at a glance
- Company: VAALCO Energy, Inc.
- ISIN: US91851C2017
- Ticker: EGY
- Trading venue: NYSE
- Closing price (October 2, 2026): USD 5.72
- Market capitalization: USD 602.2 million (as of October 2, 2026)
- 52-week range: USD 3.36-6.72 (as of October 2, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
