VAALCO Energy, Inc. (EGY) to Issue Quarterly Dividend of $0.06 on March 28th

VAALCO Energy, Inc. (NYSE:EGY) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0625 per share by the energy company on Friday, March 28th. This represents a $0.25 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Friday, February 28th.

VAALCO Energy has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.3 %

EGY stock opened at $4.45 on Friday. VAALCO Energy has a twelve month low of $3.96 and a twelve month high of $7.51. The firm has a market capitalization of $467.17 million, a PE ratio of 5.23 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $4.38 and a two-hundred day simple moving average of $5.27.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a report on Monday, January 20th.

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.