VOC Energy Trust (NYSE:VOC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

VOC Energy Trust (NYSE:VOC)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.22 and traded as low as $3.01. VOC Energy Trust shares last traded at $3.0750, with a volume of 322,858 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of VOC Energy Trust in a research report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, VOC Energy Trust currently has a consensus rating of “Sell”.

VOC Energy Trust Trading Down 6.8%

The stock has a market cap of $52.27 million, a P/E ratio of 7.50 and a beta of 0.18. The firm’s fifty day moving average is $3.39 and its 200 day moving average is $3.22.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings results on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $1.70 million during the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%.

VOC Energy Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.19 dividend. This is a negative change from VOC Energy Trust’s previous quarterly dividend of $0.28. This represents a $0.76 annualized dividend and a dividend yield of 24.7%. The ex-dividend date of this dividend is Friday, October 30th. VOC Energy Trust’s dividend payout ratio (DPR) is currently 273.17%.

About VOC Energy Trust

VOC Energy Trust is a publicly traded grantor trust formed to own and distribute proceeds from oil and natural gas interests. The trust does not operate exploration and production activities directly; instead, it receives income from its underlying interests in producing and potentially developing oil and gas properties.

The trust’s assets primarily consist of net profits interests in oil and natural gas properties located in Kansas and Texas. Revenue is generated from the sale of production from these properties, after the deduction of applicable operating expenses, development costs and other expenses.