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

VAALCO Energy, Inc. (NYSE:EGY - Get Free Report) announced 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 dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, February 28th.

VAALCO Energy has a payout ratio of 25.0% meaning 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 2.1 %

Shares of NYSE EGY traded down $0.10 during mid-day trading on Friday, reaching $4.35. 765,576 shares of the company traded hands, compared to its average volume of 659,156. The company's fifty day moving average is $4.37 and its two-hundred day moving average is $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. VAALCO Energy has a fifty-two week low of $3.96 and a fifty-two week high of $7.51. The stock has a market cap of $456.66 million, a PE ratio of 5.11 and a beta of 1.18.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded VAALCO Energy from a "hold" rating to a "buy" rating in a report on Monday, January 20th.

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.