HOUSTON (AP) _ Vaalco Energy Inc. (EGY) on Wednesday reported fourth-quarter net income of $3.4 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had net income of 6 cents per share.
The oil and natural gas explorer posted revenue of $17.2 million in the period.
For the year, the company reported net income of $9.7 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $77 million.
In the final minutes of trading on Wednesday, the company's shares hit 90 cents. A year ago, they were trading at $1.07.