Vaalco Energy Inc (EGY) To Go Ex-Dividend on August 21st

Vaalco Energy Inc (NYSE:EGY) announced a quarterly dividend on Thursday, August 6th. Investors of record on Friday, August 21st will be given a dividend of 0.0625 per share by the energy company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 21st.

Vaalco Energy has a payout ratio of 92.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 $5.81 on Wednesday. The firm has a market cap of $611.59 million, a PE ratio of -5.48 and a beta of 0.10. The firm has a fifty day moving average of $5.37 and a 200 day moving average of $5.54. 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 has a one year low of $3.36 and a one year high of $6.72.

Vaalco Energy Company Profile

Vaalco Energy, Inc is an independent energy company principally engaged in the exploration, development and production of crude oil and natural gas. Headquartered in Houston, Texas, Vaalco concentrates on offshore assets in West Africa, with a strategic emphasis on maintaining and optimizing cash-flow–generating properties. Founded in the mid-1980s, the company has built its reputation by focusing on high-impact drilling prospects and extending the productive life of its core fields through targeted infill wells and enhanced recovery techniques.

The company’s primary producing asset is the Etame Marin block offshore Gabon, where Vaalco holds a majority interest and serves as operator.