VAALCO Energy, Inc. (NYSE:EGY – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.063 per share by the energy company on Friday, June 21st. This represents a $0.25 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, May 16th.
VAALCO Energy has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings.
VAALCO Energy Stock Down 4.2 %
EGY stock opened at $6.05 on Thursday. The company has a market cap of $630.74 million, a price-to-earnings ratio of 10.79 and a beta of 1.32. The company has a fifty day moving average price of $6.16 and a 200 day moving average price of $5.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.79 and a quick ratio of 1.77. VAALCO Energy has a 12 month low of $3.51 and a 12 month high of $7.51.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th.
Check Out Our Latest Stock Analysis on VAALCO Energy
VAALCO Energy Company Profile
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.
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