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

VOC Energy Trust (NYSE:VOC) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, Zacks reports. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.The company had revenue of $2.08 million for the quarter.

VOC Energy Trust Trading Down 1.2%

Shares of VOC traded down $0.05 during midday trading on Wednesday, reaching $3.63. The stock had a trading volume of 9,012 shares, compared to its average volume of 127,802. The company has a market capitalization of $61.63 million, a price-to-earnings ratio of 7.11 and a beta of 0.30. The company’s 50-day moving average is $3.17 and its 200 day moving average is $2.99. VOC Energy Trust has a 12-month low of $2.44 and a 12-month high of $3.84.

VOC Energy Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Friday, January 30th. VOC Energy Trust’s dividend payout ratio is presently 70.59%.

Analyst Ratings Changes

Several research firms recently commented on VOC. Wall Street Zen upgraded VOC Energy Trust to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.