VAALCO Energy (EGY) Set to Announce Earnings on Tuesday

VAALCO Energy (NYSE:EGY) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

VAALCO Energy (NYSE:EGY) last released its quarterly earnings results on Wednesday, March 13th. The energy company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.22. The company had revenue of $149.15 million for the quarter, compared to analysts’ expectations of $130.53 million. VAALCO Energy had a net margin of 13.26% and a return on equity of 14.34%.

VAALCO Energy Stock Performance

NYSE:EGY opened at $6.27 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.79 and a quick ratio of 1.77. The firm has a market cap of $654.21 million, a PE ratio of 11.20 and a beta of 1.32. The firm has a 50 day simple moving average of $6.04 and a 200-day simple moving average of $4.99. VAALCO Energy has a 1-year low of $3.51 and a 1-year high of $7.51.

VAALCO Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.063 dividend. This is a boost from VAALCO Energy’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, March 7th. VAALCO Energy’s payout ratio is presently 44.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut VAALCO Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.

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.