VOC Energy Trust (NYSE:VOC) Posts Earnings Results

VOC Energy Trust (NYSE:VOC) announced its earnings results on Wednesday. The oil and gas producer reported $0.09 EPS for the quarter, Zacks reports. VOC Energy Trust had a net margin of 85.78% and a return on equity of 67.64%.

VOC Energy Trust Stock Down 2.5%

Shares of VOC traded down $0.08 on Wednesday, reaching $3.06. The stock had a trading volume of 77,976 shares, compared to its average volume of 125,580. VOC Energy Trust has a twelve month low of $2.60 and a twelve month high of $3.84. The firm has a market capitalization of $52.02 million, a PE ratio of 6.95 and a beta of 0.19. The firm has a 50-day moving average of $3.41 and a 200 day moving average of $3.10.

VOC Energy Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Thursday, April 30th. This is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.09. VOC Energy Trust’s payout ratio is 86.36%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VOC shares. Wall Street Zen upgraded shares of VOC Energy Trust to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About VOC Energy Trust

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.