VAALCO Energy (EGY) to Release Earnings on Thursday

VAALCO Energy (NYSE:EGY) is projected to release its earnings data after the market closes on Thursday, March 13th. Analysts expect VAALCO Energy to post earnings of $0.05 per share and revenue of $108.91 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

VAALCO Energy Stock Performance

EGY stock opened at $3.92 on Wednesday. The company has a market cap of $411.45 million, a P/E ratio of 4.61 and a beta of 1.16. VAALCO Energy has a 1 year low of $3.57 and a 1 year high of $7.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The stock’s fifty day moving average price is $4.26 and its 200-day moving average price is $5.04.

VAALCO Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.39%. VAALCO Energy’s dividend payout ratio (DPR) is currently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

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.