Vaalco Energy (NYSE:EGY) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Vaalco Energy (NYSE:EGY – Get Free Report) released its quarterly earnings results on Thursday. The energy company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20), FiscalAI reports. Vaalco Energy had a negative return on equity of 14.36% and a negative net margin of 31.11%. The firm had revenue of $146.97 million for the quarter, compared to analysts’ expectations of $134.05 million.

Vaalco Energy Stock Up 0.1%

Shares of EGY traded up $0.01 during midday trading on Friday, hitting $5.38. The company had a trading volume of 1,891,390 shares, compared to its average volume of 1,301,958. Vaalco Energy has a 1 year low of $3.36 and a 1 year high of $6.72. The firm has a market capitalization of $566.45 million, a P/E ratio of -3.71 and a beta of 0.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.41 and a current ratio of 0.44. The company’s 50-day simple moving average is $6.02 and its 200-day simple moving average is $5.65.

Vaalco Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, November 20th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 20th. Vaalco Energy’s dividend payout ratio (DPR) is presently -17.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EGY shares. Wall Street Zen upgraded Vaalco Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Vaalco Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.30.

View Our Latest Stock Analysis on Vaalco Energy

Key Vaalco Energy News

Here are the key news stories impacting Vaalco Energy this week:

Vaalco Energy Company Profile

(Get Free Report)

Vaalco Energy, Inc is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. The company focuses primarily on producing assets and development opportunities in Africa and other international markets.

Vaalco has historically operated offshore Gabon, where it developed and produced oil from the Etame Marin field. The company has also expanded its international portfolio through interests and operations in Egypt, Equatorial Guinea and Côte d’Ivoire.

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Earnings History for Vaalco Energy (NYSE:EGY)

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