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

VOC Energy Trust (NYSE:VOC) posted its quarterly earnings results on Thursday. The oil and gas producer reported $0.18 earnings per share for the quarter, Zacks reports. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%.

VOC Energy Trust Price Performance

Shares of VOC stock opened at $3.32 on Friday. The firm’s 50-day moving average is $3.80 and its two-hundred day moving average is $4.55. VOC Energy Trust has a 12 month low of $2.85 and a 12 month high of $7.10. The company has a market capitalization of $56.36 million, a PE ratio of 4.25 and a beta of 0.82.

VOC Energy Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, January 30th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 10.26%. The ex-dividend date was Thursday, January 30th. VOC Energy Trust’s dividend payout ratio is currently 43.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of VOC Energy Trust from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th.

About VOC Energy Trust

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.