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. Shareholders of record on Friday, November 20th will be given 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 yield of 4.6%. The ex-dividend date of this dividend 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. 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 NYSE:EGY opened at $5.39 on Friday. Vaalco Energy has a one year low of $3.36 and a one year high of $6.72. The stock has a market capitalization of $567.29 million, a price-to-earnings ratio of -5.09 and a beta of 0.21. The company has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $5.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.41 and a current ratio of 0.44.

Vaalco Energy (NYSE:EGY) last released its quarterly 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 company had revenue of $146.97 million for the quarter, compared to analysts’ expectations of $134.05 million. Vaalco Energy had a negative return on equity of 14.36% and a negative net margin of 31.11%. On average, analysts predict that Vaalco Energy will post -0.32 EPS for the current year.

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.