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VAALCO Energy (EGY)
Unlike most small independent oil outfits in the U.S., Vaalco Energy prefers to look for oil in faraway places, like the Atlantic Ocean off West Africa. Increased production from its main field off the shores of Gabon -- and sharply higher oil prices -- have boosted sales by 81/2 times since 2002 turned a big loss in 2001 into steadily increasing profits. Last year, the Houston-based company earned $29.2 million on sales of $84.9 million. Its stock, which didn't even fetch 20 cents a share in mid-2000, has been as high as $7.82 this year, though it's slipped from that April peak to about $6.50. With stronger reserves and a steady cash flow, Vaalco plans to expand its production in Gabon and is placing new bets in Angola and the North Sea. For a little guy, it gets around.
Company Info |
|
| 2005 Rank | |
| Market Value* ($ Millions) | 409.0 |
| Sales* ($ Millions) | 93.0 |
| Sales Growth (3-yr. avg. annual) |
98.9 % |
| Profits* ($ Millions) | 33.7 |
| Profit Growth (3-yr. avg. annual) | 297.5 % |
| Return on Inv. Capital (3-yr.) | 35.2 % |
| Share Price 12-Mo. Hi/Lo | 8/3 |
| Share Price As of 4/28/06 | 7 |
| Return on Equity | 37.4 % |
| P/E Ratio | 12 |
| No. of Employees | 16 |
| Industry | Oil & Gas Exploration & Production |
| CURRENT MARKET INFO | EGY > |
| COMPANY WEB SITE > | |
| Location | Houston |
| Phone | 713 623-0801 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
VAALCO Energy, an independent energy company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company's properties and exploration activities are located in the Texas Gulf Coast region and offshore Gabon, West Africa. As of Dec. 31, 2005, it had total proved reserves of 7,827 mbbls of crude oil and 21 mmcf of natural gas. The company was founded in 1984 and is headquartered in Houston.
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