Vaalco Energy Inc (NYSE:EGY) Shareholders to Get $0.06 Quarterly Dividend

Vaalco Energy Inc (NYSE:EGY) declared a quarterly dividend on Thursday, November 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 20th.

Vaalco Energy has a payout ratio of 92.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Performance

Vaalco Energy stock opened at $5.39 on Friday. The stock has a fifty day moving average of $6.03 and a two-hundred day moving average of $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 (NYSE:EGY) last released its earnings results on Thursday, November 5th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The firm had revenue of $146.97 million during the quarter, compared to analysts’ expectations of $134.05 million. Vaalco Energy had a negative net margin of 31.11% and a negative return on equity of 14.36%. As a group, analysts forecast that Vaalco Energy will post -0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.