VOC Energy Trust (NYSE:VOC) Issues Earnings Results

VOC Energy Trust (NYSE:VOC) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.10 earnings per share for the quarter, Zacks reports. The business had revenue of $1.70 million for the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 66.87%.

VOC Energy Trust Stock Performance

NYSE VOC traded down $0.01 during trading on Wednesday, hitting $3.12. The stock had a trading volume of 6,517 shares, compared to its average volume of 114,188. VOC Energy Trust has a one year low of $2.60 and a one year high of $3.84. The stock has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.16. The stock has a market capitalization of $53.12 million, a price-to-earnings ratio of 7.57 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 paid a $0.28 dividend. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.10. This represents a $1.12 annualized dividend and a dividend yield of 35.8%. The ex-dividend date of this dividend is Thursday, July 30th. VOC Energy Trust’s payout ratio is currently 254.55%.

Wall Street Analysts Forecast Growth

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

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.