VAALCO Energy (NYSE:EGY) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

VAALCO Energy (NYSE:EGY) issued its earnings results on Monday. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The firm had revenue of $140.33 million during the quarter, compared to the consensus estimate of $128.64 million. VAALCO Energy had a return on equity of 15.79% and a net margin of 17.93%. During the same quarter in the prior year, the company posted $0.07 EPS.

VAALCO Energy Stock Down 2.6 %

Shares of VAALCO Energy stock opened at $5.29 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15. VAALCO Energy has a twelve month low of $4.01 and a twelve month high of $7.51. The company has a market cap of $548.78 million, a price-to-earnings ratio of 6.22 and a beta of 1.19. The company’s 50 day moving average is $5.75 and its 200 day moving average is $6.17.

VAALCO Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 4.73%. VAALCO Energy’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analysts Forecast Growth

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

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.