VAALCO Energy (NYSE:EGY) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

VAALCO Energy (NYSE:EGY) issued its quarterly earnings data on Monday. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The firm had revenue of $140.33 million for the quarter, compared to the consensus estimate of $128.64 million. VAALCO Energy had a net margin of 17.93% and a return on equity of 15.79%. During the same period last year, the company posted $0.07 earnings per share.

VAALCO Energy Price Performance

Shares of NYSE EGY opened at $5.29 on Thursday. The stock has a market capitalization of $548.78 million, a P/E ratio of 6.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.19 and a quick ratio of 1.15. VAALCO Energy has a 1 year low of $4.01 and a 1 year high of $7.51. The company’s 50-day moving average is $5.75 and its 200 day moving average is $6.17.

VAALCO Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 22nd will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Friday, November 22nd. VAALCO Energy’s dividend payout ratio is currently 29.41%.

Analysts Set New Price Targets

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

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.