VOC Energy Trust (NYSE:VOC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of VOC Energy Trust (NYSE:VOC) to a hold rating in a research note published on Friday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VOC Energy Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VOC Energy Trust presently has an average rating of “Sell”.

VOC Energy Trust Stock Down 1.0%

VOC Energy Trust stock opened at $2.98 on Friday. The company has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.89. The firm has a market capitalization of $50.66 million, a price-to-earnings ratio of 5.84 and a beta of 0.33. VOC Energy Trust has a 52-week low of $2.44 and a 52-week high of $4.35.

VOC Energy Trust (NYSE:VOC) last posted its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.11 earnings per share for the quarter. VOC Energy Trust had a net margin of 87.74% and a return on equity of 75.96%. The firm had revenue of $2.16 million for the quarter.

VOC Energy Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 12.1%. VOC Energy Trust’s payout ratio is 86.27%.

Institutional Trading of VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Janney Montgomery Scott LLC increased its position in shares of VOC Energy Trust (NYSE:VOC) by 152.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,733 shares of the oil and gas producer’s stock after buying an additional 25,792 shares during the quarter. Janney Montgomery Scott LLC owned about 0.25% of VOC Energy Trust worth $122,000 at the end of the most recent reporting period.

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.