Vaalco Energy Inc (NYSE:EGY) Announces $0.06 Quarterly Dividend

Key Points

• Vaalco Energy Inc announced a quarterly dividend of $0.0625 per share, with a corresponding annualized yield of 7.1%, payable on September 19th to investors of record on August 22nd.
• The company has a high dividend payout ratio of 92.6%, which indicates a risk of not being able to sustain its dividend if earnings decline in the future.
• Vaalco Energy reported earnings per share of $0.06 for the last quarter, meeting analysts' expectations, while revenue for the quarter was $110.33 million, exceeding estimates of $99.30 million.

Vaalco Energy Inc (NYSE:EGY - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Friday, August 22nd will be given a dividend of 0.0625 per share by the energy company on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Vaalco Energy has a dividend 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 tumble. Equities analysts expect Vaalco Energy to earn $0.25 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 100.0%.

Vaalco Energy Price Performance

Shares of NYSE EGY traded down $0.11 on Thursday, hitting $3.55. The company's stock had a trading volume of 750,658 shares, compared to its average volume of 920,729. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 1.09. Vaalco Energy has a 12-month low of $3.00 and a 12-month high of $6.82. The stock has a 50 day moving average of $3.69 and a 200-day moving average of $3.75. The company has a market capitalization of $368.04 million, a price-to-earnings ratio of 6.45 and a beta of 0.89.

Vaalco Energy (NYSE:EGY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Vaalco Energy had a net margin of 11.97% and a return on equity of 8.74%. The company had revenue of $110.33 million for the quarter, compared to analyst estimates of $99.30 million. As a group, research analysts predict that Vaalco Energy will post 0.43 EPS for the current year.

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.

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