VAALCO Energy (NYSE:EGY) reported quarterly earnings of $0.14 per share. This is a 55.56 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $47.02
Energy industry penny stocks are breaking out and moving higher. And if oil keeps moving higher, like many analysts are predicting, these stocks should continue to rally.
These companies hold a significant part of their assets in oil. So, as the price of oil moves up they become more valuable. This is drawing buyers into the market and they are pushing their stocks higher.
VAALCO Energy (NYSE:EGY) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.20 by 25 percent. This is a 25 percent increase over earnings of $0.12 per share from the same