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

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

Vaalco Energy Price Performance

Shares of EGY traded up $0.01 during trading hours on Friday, hitting $5.38. 1,891,390 shares of the company were exchanged, compared to its average volume of 1,301,958. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.41. The company has a market capitalization of $566.45 million, a PE ratio of -3.71 and a beta of 0.21. The firm has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $5.65. Vaalco Energy has a one year low of $3.36 and a one year high of $6.72.

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 dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.25 annualized dividend and a dividend yield of 4.6%. Vaalco Energy’s dividend payout ratio (DPR) is currently -17.24%.

More Vaalco Energy News

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

Analyst Upgrades and Downgrades

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

View Our Latest Report on EGY

About Vaalco Energy

(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.

Featured Stories

Earnings History for Vaalco Energy (NYSE:EGY)

Receive News & Ratings for Vaalco Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vaalco Energy and related companies with MarketBeat.com's FREE daily email newsletter.