VAALCO Energy, Inc. (NYSE:EGY) to Issue $0.06 Quarterly Dividend

VAALCO Energy, Inc. (NYSE:EGY) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.0625 per share by the energy company on Friday, March 28th. This represents a $0.25 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, February 28th.

VAALCO Energy has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VAALCO Energy to earn $0.25 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 100.0%.

VAALCO Energy Stock Down 0.3 %

Shares of EGY traded down $0.02 during trading hours on Thursday, reaching $4.45. The stock had a trading volume of 581,202 shares, compared to its average volume of 775,851. The firm has a 50-day simple moving average of $4.38 and a 200 day simple moving average of $5.27. VAALCO Energy has a 12 month low of $3.96 and a 12 month high of $7.51. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $467.17 million, a price-to-earnings ratio of 5.23 and a beta of 1.18.

Analyst Ratings Changes

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research note on Monday, January 20th.

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.