VAALCO Energy, Inc. to Issue 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 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, November 22nd.

VAALCO Energy has a 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

NYSE:EGY opened at $5.30 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The stock has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $6.13. The firm has a market capitalization of $549.30 million, a PE ratio of 6.23 and a beta of 1.19. VAALCO Energy has a 52-week low of $4.03 and a 52-week high of $7.51.

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

Analyst Upgrades and Downgrades

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

VAALCO Energy Company Profile

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.