Vaalco Energy Inc (EGY) To Go Ex-Dividend on August 21st

Vaalco Energy Inc (NYSE:EGY) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.0625 per share by the energy company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 21st.

Vaalco Energy has a 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. Equities 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 Up 7.2%

NYSE EGY opened at $5.53 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.60. The company has a market cap of $576.77 million, a price-to-earnings ratio of -5.22 and a beta of 0.10. The company has a 50 day moving average of $5.32 and a 200-day moving average of $5.49. Vaalco Energy has a 1-year low of $3.36 and a 1-year high of $6.72.

Vaalco Energy (NYSE:EGY) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.44). Vaalco Energy had a negative net margin of 31.11% and a negative return on equity of 13.93%. The business had revenue of $62.60 million during the quarter, compared to analyst estimates of $78.20 million. On average, equities research analysts expect that Vaalco Energy will post -0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EGY has been the topic of several recent analyst reports. Weiss Ratings cut Vaalco Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Vaalco Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research upgraded shares of Vaalco Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Vaalco Energy presently has a consensus rating of “Reduce” and a consensus price target of $7.30.

Vaalco Energy Company Profile

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.