VAALCO Energy, Inc. Declares Dividend of $0.03 (LON:EGY)

VAALCO Energy, Inc. (LON:EGYGet Rating) declared a dividend on Tuesday, May 3rd, Upcoming.Co.Uk reports. Shareholders of record on Tuesday, May 24th will be given a dividend of $0.03 per share on Friday, June 24th. This represents a yield of 0.49%. The ex-dividend date is Tuesday, May 24th. The official announcement can be seen at this link.

Shares of LON EGY opened at GBX 525 ($6.56) on Tuesday. VAALCO Energy has a 12 month low of GBX 165 ($2.06) and a 12 month high of GBX 584.99 ($7.31). The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 7.09. The firm has a market capitalization of £308.01 million and a price-to-earnings ratio of 4.83. The business has a 50-day moving average of GBX 488.22 and a 200-day moving average of GBX 352.92.

Separately, Canaccord Genuity Group upped their target price on VAALCO Energy from GBX 405 ($5.06) to GBX 615 ($7.68) and gave the stock a “buy” rating in a research note on Thursday, April 7th.

About VAALCO Energy (Get Rating)

VAALCO Energy, Inc, an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

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