VAALCO Energy (NYSE:EGY - Get Free Report) posted its quarterly earnings data on Thursday. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02, Zacks reports. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.63%. The company had revenue of $121.72 million for the quarter, compared to the consensus estimate of $108.91 million.
VAALCO Energy Stock Down 1.3 %
Shares of VAALCO Energy stock traded down $0.06 on Wednesday, reaching $4.03. 1,216,621 shares of the company were exchanged, compared to its average volume of 973,621. The company has a market capitalization of $423.01 million, a price-to-earnings ratio of 4.74 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. VAALCO Energy has a one year low of $3.57 and a one year high of $7.51. The company has a 50-day moving average of $4.22 and a 200 day moving average of $4.95.
VAALCO Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.0625 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 6.21%. VAALCO Energy's dividend payout ratio is 45.45%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of VAALCO Energy from a "hold" rating to a "buy" rating in a research note on Friday, March 14th.
Get Our Latest Analysis on VAALCO Energy
About VAALCO Energy
(
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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.
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