Vaalco Energy Inc (NYSE:EGY – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 20th will be given a dividend of $0.0625 per share by the energy company on Tuesday, December 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 20th.
Vaalco Energy has a dividend payout ratio of 92.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Vaalco Energy to earn $0.24 per share next year, which means the company may not be able to cover its $0.25 annual dividend with an expected future payout ratio of 104.2%.
Vaalco Energy Stock Performance
Shares of NYSE EGY opened at $5.39 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60. Vaalco Energy has a 52-week low of $3.36 and a 52-week high of $6.72. The company’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $5.65.
Vaalco Energy (NYSE:EGY – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). Vaalco Energy had a negative return on equity of 14.36% and a negative net margin of 31.11%. The firm had revenue of $146.97 million for the quarter, compared to analysts’ expectations of $134.05 million. Sell-side analysts predict that Vaalco Energy will post -0.32 EPS for the current year.
About Vaalco Energy
Vaalco Energy, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. The company focuses primarily on producing assets and development opportunities in Africa and other international markets.
Vaalco has historically operated offshore Gabon, where it developed and produced oil from the Etame Marin field. The company has also expanded its international portfolio through interests and operations in Egypt, Equatorial Guinea and Côte d’Ivoire.
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