VAALCO Energy (EGY) to Release Earnings on Tuesday

VAALCO Energy (NYSE:EGY) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect VAALCO Energy to post earnings of $0.02 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings data on Wednesday, March 13th. The energy company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The company had revenue of $149.15 million for the quarter, compared to the consensus estimate of $130.53 million.

VAALCO Energy Trading Up 0.3 %

Shares of EGY opened at $6.27 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.16. The stock has a market cap of $654.21 million, a PE ratio of 11.20 and a beta of 1.32. VAALCO Energy has a 1 year low of $3.51 and a 1 year high of $7.51. The stock has a 50 day simple moving average of $6.04 and a 200-day simple moving average of $4.99.

VAALCO Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 4.02%. This is a boost from VAALCO Energy’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 7th. VAALCO Energy’s dividend payout ratio is 44.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th.

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.