VAALCO Energy (NYSE:EGY) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

VAALCO Energy (NYSE:EGY) released its earnings results on Monday. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The business had revenue of $140.33 million for the quarter, compared to analyst estimates of $128.64 million. VAALCO Energy had a return on equity of 15.79% and a net margin of 17.93%. During the same period in the prior year, the business earned $0.07 EPS.

VAALCO Energy Stock Performance

EGY traded down $0.08 during midday trading on Wednesday, reaching $5.35. The company had a trading volume of 569,510 shares, compared to its average volume of 980,691. The business has a 50-day moving average price of $5.75 and a two-hundred day moving average price of $6.17. The stock has a market cap of $555.01 million, a PE ratio of 6.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.19. VAALCO Energy has a 12-month low of $4.01 and a 12-month high of $7.51.

VAALCO Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 22nd will be paid a $0.0625 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.25 annualized dividend and a yield of 4.67%. VAALCO Energy’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday.

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.