VOC Energy Trust (NYSE:VOC) Announces Quarterly Earnings Results

VOC Energy Trust (NYSE:VOC) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, Zacks reports. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.

VOC Energy Trust Stock Up 2.6%

Shares of NYSE:VOC traded up $0.08 during midday trading on Monday, hitting $3.13. The stock had a trading volume of 62,635 shares, compared to its average volume of 115,425. The company’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.16. VOC Energy Trust has a fifty-two week low of $2.60 and a fifty-two week high of $3.84. The company has a market capitalization of $53.21 million, a P/E ratio of 7.11 and a beta of 0.12.

VOC Energy Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 30th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 35.8%. The ex-dividend date is Thursday, July 30th. This is a boost from VOC Energy Trust’s previous quarterly dividend of $0.10. VOC Energy Trust’s dividend payout ratio is presently 254.55%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of VOC Energy Trust in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About VOC Energy Trust

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.