Vaalco Energy (NYSE:EGY) Issues Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Vaalco Energy (NYSE:EGY – Get Free Report) issued its quarterly earnings data on Thursday. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20), FiscalAI reports. The business had revenue of $146.97 million for the quarter, compared to analyst estimates of $134.05 million. Vaalco Energy had a negative return on equity of 15.41% and a negative net margin of 34.37%.

Vaalco Energy Stock Up 0.1%

Shares of EGY stock traded up $0.01 during trading hours on Friday, hitting $5.38. 1,891,390 shares of the company were exchanged, compared to its average volume of 1,360,091. The business has a 50 day moving average of $6.02 and a two-hundred day moving average of $5.65. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.60. Vaalco Energy has a 52 week low of $3.36 and a 52 week high of $6.72.

Vaalco Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, November 20th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 20th. Vaalco Energy’s dividend payout ratio is -17.24%.

More Vaalco Energy News

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EGY. Weiss Ratings upgraded Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Wall Street Zen raised Vaalco Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. 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 target price of $7.30.

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About Vaalco Energy

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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.

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Earnings History for Vaalco Energy (NYSE:EGY)

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