VAALCO Energy, Inc. Announces Quarterly Dividend of $0.06 (NYSE:EGY)

VAALCO Energy, Inc. (NYSE:EGY) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0625 per share by the energy company on Friday, March 28th. This represents a $0.25 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date 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 Trading Down 0.3 %

Shares of EGY opened at $4.45 on Friday. VAALCO Energy has a fifty-two week low of $3.96 and a fifty-two week high of $7.51. The firm has a market cap of $467.17 million, a price-to-earnings ratio of 5.23 and a beta of 1.18. The firm has a 50 day moving average price of $4.38 and a 200-day moving average price of $5.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research report 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.