VOC Energy Trust (NYSE:VOC) Posts Earnings Results

VOC Energy Trust (NYSE:VOC) released its earnings results on Wednesday. The oil and gas producer reported $0.09 EPS for the quarter, Zacks reports. VOC Energy Trust had a return on equity of 67.64% and a net margin of 85.78%.

VOC Energy Trust Trading Down 2.5%

NYSE VOC traded down $0.08 during trading hours on Wednesday, reaching $3.06. The company’s stock had a trading volume of 77,976 shares, compared to its average volume of 125,580. The business has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $3.10. VOC Energy Trust has a 52 week low of $2.60 and a 52 week high of $3.84. The stock has a market cap of $52.02 million, a PE ratio of 6.95 and a beta of 0.19.

VOC Energy Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $0.38 annualized dividend and a dividend yield of 12.4%. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.09. VOC Energy Trust’s dividend payout ratio is currently 86.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on VOC shares. Weiss Ratings raised shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of VOC Energy Trust to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.