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

VAALCO Energy, Inc. (NYSE:EGY) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given 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 5.93%. The ex-dividend date of this dividend is Friday, February 28th.

VAALCO Energy has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:EGY opened at $4.22 on Wednesday. The firm has a 50 day moving average of $4.34 and a 200-day moving average of $5.22. 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 12 month low of $3.96 and a 12 month high of $7.51. The stock has a market capitalization of $442.98 million, a PE ratio of 5.02 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note 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.