VOC Energy Trust (NYSE:VOC) Releases Earnings Results

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

VOC Energy Trust Price Performance

Shares of NYSE:VOC traded down $0.08 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 stock’s 50-day moving average is $3.41 and its two-hundred day moving average is $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 capitalization of $52.02 million, a P/E ratio of 6.95 and a beta of 0.19.

VOC Energy Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.4%. VOC Energy Trust’s dividend payout ratio is currently 86.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VOC shares. Weiss Ratings upgraded shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently 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.