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

VOC Energy Trust (NYSE:VOC) released its quarterly earnings results on Monday. The oil and gas producer reported $0.11 earnings per share for the quarter, Zacks reports. The company had revenue of $2.16 million for the quarter. VOC Energy Trust had a return on equity of 74.79% and a net margin of 87.74%.

VOC Energy Trust Trading Down 0.2%

Shares of VOC Energy Trust stock opened at $2.85 on Wednesday. VOC Energy Trust has a 52 week low of $2.44 and a 52 week high of $5.29. The stock has a market cap of $48.37 million, a PE ratio of 5.58 and a beta of 0.39. The company’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $2.92.

VOC Energy Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 30th will be given a $0.11 dividend. The ex-dividend date is Thursday, October 30th. This represents a $0.44 annualized dividend and a yield of 15.5%. VOC Energy Trust’s payout ratio is 75.86%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of VOC Energy Trust in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VOC Energy Trust has an average rating of “Sell”.

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.