VAALCO Energy, Inc. (EGY) To Go Ex-Dividend on May 23rd

VAALCO Energy, Inc. (NYSE:EGY) announced a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be given a dividend of 0.0625 per share by the energy company on Friday, June 27th. This represents a $0.25 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Friday, May 23rd.

VAALCO Energy has a dividend payout ratio of 47.2% indicating that 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 Price Performance

Shares of NYSE:EGY opened at $3.44 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34. The firm has a market cap of $361.47 million, a price-to-earnings ratio of 4.05 and a beta of 0.87. The business has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $4.30. VAALCO Energy has a fifty-two week low of $3.00 and a fifty-two week high of $7.43.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The firm had revenue of $110.33 million during the quarter, compared to analysts’ expectations of $99.30 million. On average, analysts expect that VAALCO Energy will post 0.43 earnings per share for the current year.

Insider Transactions at VAALCO Energy

In related news, COO Thor Pruckl sold 10,169 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $3.95, for a total value of $40,167.55. Following the transaction, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at approximately $691,218.40. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised VAALCO Energy from a “hold” rating to a “buy” rating in a report on Thursday.

About VAALCO Energy

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.