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

VOC Energy Trust (NYSE:VOCGet Free Report) announced its quarterly earnings data on Monday. The oil and gas producer reported $0.10 earnings per share for the quarter, Zacks reports. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.

VOC Energy Trust Trading Up 2.6%

VOC Energy Trust stock opened at $3.13 on Tuesday. The firm has a market capitalization of $53.21 million, a P/E ratio of 7.11 and a beta of 0.12. VOC Energy Trust has a 1 year low of $2.60 and a 1 year high of $3.84. The business has a 50-day moving average of $3.00 and a 200-day moving average of $3.16.

VOC Energy Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 35.8%. The ex-dividend date is Thursday, July 30th. This is an increase from VOC Energy Trust’s previous quarterly dividend of $0.10. VOC Energy Trust’s dividend payout ratio is presently 254.55%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of VOC Energy Trust in a research report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on VOC Energy Trust

VOC Energy Trust Company Profile

(Get Free Report)

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.

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Earnings History for VOC Energy Trust (NYSE:VOC)

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