VAALCO Energy (EGY) to Release Quarterly Earnings on Wednesday

VAALCO Energy (NYSE:EGY) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $108.91 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

VAALCO Energy Price Performance

NYSE:EGY opened at $3.75 on Wednesday. The stock has a market capitalization of $393.58 million, a PE ratio of 4.41 and a beta of 1.18. The firm has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $5.13. VAALCO Energy has a 1-year low of $3.57 and a 1-year high of $7.51. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Friday, February 28th. VAALCO Energy’s payout ratio is currently 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded VAALCO Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.