Vaalco Energy Inc (EGY) to Distribute Quarterly Dividend of $0.06 on December 22nd

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 paid a dividend of $0.0625 per share by the energy company on Tuesday, December 22nd. This represents a $0.25 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 20th.

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 decline. Equities research 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 Price Performance

Shares of Vaalco Energy stock opened at $5.38 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 12 month low of $3.36 and a 12 month high of $6.72. The firm has a market cap of $566.45 million, a PE ratio of -3.71 and a beta of 0.21. The stock has a 50 day moving average of $6.02 and a 200 day moving average of $5.65.

Vaalco Energy (NYSE:EGY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). Vaalco Energy had a negative net margin of 31.11% and a negative return on equity of 14.36%. The firm had revenue of $146.97 million for the quarter, compared to analysts’ expectations of $134.05 million. On average, research analysts expect that Vaalco Energy will post -0.32 EPS for the current fiscal year.

More Vaalco Energy News

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

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.

Read More

Dividend History for Vaalco Energy (NYSE:EGY)

Receive News & Ratings for Vaalco Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vaalco Energy and related companies with MarketBeat.com's FREE daily email newsletter.