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

VAALCO Energy, Inc. (NYSE:EGY) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.0625 per share by the energy company on Friday, December 20th. This represents a $0.25 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, November 22nd.

VAALCO Energy has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect VAALCO Energy to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 75.8%.

VAALCO Energy Stock Performance

Shares of EGY stock opened at $5.43 on Wednesday. The stock has a market capitalization of $563.31 million, a PE ratio of 6.70 and a beta of 1.19. VAALCO Energy has a 52-week low of $4.00 and a 52-week high of $7.51. The stock’s 50-day moving average price is $5.76 and its 200 day moving average price is $6.18. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered VAALCO Energy from a “buy” rating to a “hold” rating in a report on Tuesday.

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.