VAALCO Energy (EGY) to Release Quarterly Earnings on Tuesday

VAALCO Energy (NYSE:EGY) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Wednesday, March 13th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The firm had revenue of $149.15 million during the quarter, compared to analyst estimates of $130.53 million.

VAALCO Energy Price Performance

VAALCO Energy stock traded down $0.20 during mid-day trading on Tuesday, hitting $6.46. 356,601 shares of the company were exchanged, compared to its average volume of 1,052,070. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $5.88 and a 200 day moving average of $4.94. VAALCO Energy has a 1-year low of $3.51 and a 1-year high of $7.51. The company has a market capitalization of $667.12 million, a PE ratio of 11.90 and a beta of 1.29.

VAALCO Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $0.063 per share. This is a positive change from VAALCO Energy’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 3.90%. The ex-dividend date was Thursday, March 7th. VAALCO Energy’s dividend payout ratio is currently 44.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.