VAALCO Energy (EGY) Set to Announce Earnings on Tuesday

VAALCO Energy (NYSE:EGY) is scheduled to be issuing 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 are interested in registering for the company’s earnings conference call can do so using this link.

VAALCO Energy (NYSE:EGY) last issued its earnings results on Wednesday, March 13th. The energy company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. VAALCO Energy had a return on equity of 14.34% and a net margin of 13.26%. The business had revenue of $149.15 million during the quarter, compared to analyst estimates of $130.53 million.

VAALCO Energy Stock Performance

Shares of VAALCO Energy stock opened at $6.27 on Friday. VAALCO Energy has a one year low of $3.51 and a one year high of $7.51. The firm has a market capitalization of $654.21 million, a price-to-earnings ratio of 11.20 and a beta of 1.32. The business has a 50-day simple moving average of $6.04 and a 200 day simple moving average of $4.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.79 and a quick ratio of 1.77.

VAALCO Energy Increases Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com lowered VAALCO Energy from a “strong-buy” rating to a “buy” rating in a research 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.