Vaalco Energy Inc (NYSE:EGY – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 22nd will be given a dividend of 0.0625 per share by the energy company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, May 22nd.
Vaalco Energy has a 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. Research analysts expect Vaalco Energy to earn $0.29 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 86.2%.
Vaalco Energy Stock Performance
NYSE EGY opened at $5.98 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Vaalco Energy has a 52-week low of $3.14 and a 52-week high of $6.72. The business’s 50-day moving average price is $5.99 and its 200 day moving average price is $4.80. The firm has a market cap of $622.95 million, a P/E ratio of -4.36 and a beta of 0.17.
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.
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