VAALCO Energy, Inc. Announces Quarterly Dividend of $0.06 (NYSE:EGY)

VAALCO Energy, Inc. (NYSE:EGY) announced a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.0625 per share by the energy company on Friday, December 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, November 22nd.

VAALCO Energy has a dividend payout ratio of 61.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect VAALCO Energy to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 75.8%.

VAALCO Energy Stock Performance

Shares of EGY opened at $5.30 on Thursday. VAALCO Energy has a 12 month low of $4.03 and a 12 month high of $7.51. The business’s fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $6.13. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The company has a market cap of $549.30 million, a price-to-earnings ratio of 6.23 and a beta of 1.19.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $140.33 million during the quarter, compared to the consensus estimate of $128.64 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. Research analysts anticipate that VAALCO Energy will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

About VAALCO Energy

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.