Vaalco Energy (NYSE:EGY) Releases Earnings Results, Misses Estimates By $0.20 EPS

Vaalco Energy (NYSE:EGY – Get Free Report) released its quarterly earnings results on Thursday. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20), FiscalAI reports. Vaalco Energy had a negative return on equity of 14.36% and a negative net margin of 31.11%. The company had revenue of $146.97 million for the quarter, compared to analysts’ expectations of $134.05 million.

Vaalco Energy Stock Performance

NYSE EGY traded up $0.01 on Friday, hitting $5.38. 1,891,390 shares of the company’s stock were exchanged, compared to its average volume of 1,301,958. The firm has a market cap of $566.45 million, a price-to-earnings ratio of -3.71 and a beta of 0.21. The firm’s 50-day moving average price is $6.02 and its two-hundred day moving average price is $5.65. Vaalco Energy has a fifty-two week low of $3.36 and a fifty-two week high of $6.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.41.

Vaalco Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, November 20th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, November 20th. This represents a $0.25 annualized dividend and a yield of 4.6%. Vaalco Energy’s payout ratio is presently -17.24%.

Key Stories Impacting Vaalco Energy

Here are the key news stories impacting Vaalco Energy this week:

Analyst Ratings Changes

EGY has been the topic of several recent research reports. Weiss Ratings raised shares of Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Vaalco Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.30.

View Our Latest Stock Report on Vaalco Energy

About Vaalco Energy

(Get Free Report)

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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Earnings History for Vaalco Energy (NYSE:EGY)

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