VOC Energy Trust (NYSE:VOC) Stock Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

VOC Energy Trust (NYSE:VOC) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

VOC Energy Trust Trading Down 6.8%

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

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Monday, August 10th. The oil and gas producer reported $0.10 EPS for the quarter. The company 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 68.92%.

VOC Energy Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 24.7%. This is a decrease from VOC Energy Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, October 30th. VOC Energy Trust’s payout ratio is 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.