VAALCO Energy (NYSE:EGY) Releases Earnings Results, Beats Expectations By $0.02 EPS

VAALCO Energy (NYSE:EGY) announced 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 firm had revenue of $121.72 million during the quarter, compared to analyst estimates of $108.91 million.

VAALCO Energy Stock Up 14.4 %

Shares of NYSE:EGY opened at $4.34 on Friday. The firm’s 50 day moving average price is $4.23 and its 200 day moving average price is $5.01. The stock has a market cap of $455.59 million, a price-to-earnings ratio of 5.10 and a beta of 1.16. VAALCO Energy has a fifty-two week low of $3.57 and a fifty-two week high of $7.51. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14.

VAALCO Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 5.77%. VAALCO Energy’s dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

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

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.