VAALCO Energy (NYSE:EGY) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

VAALCO Energy (NYSE:EGY) issued its earnings results on Thursday. The energy company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02, Zacks reports. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The company had revenue of $121.72 million for the quarter, compared to the consensus estimate of $108.91 million.

VAALCO Energy Stock Performance

VAALCO Energy stock opened at $4.34 on Friday. The stock has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $5.01. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. VAALCO Energy has a 12-month low of $3.57 and a 12-month high of $7.51. The stock has a market capitalization of $455.59 million, a price-to-earnings ratio of 5.10 and a beta of 1.16.

VAALCO Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 5.77%. VAALCO Energy’s dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Friday.

VAALCO Energy Company Profile

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.