VOC Energy Trust (NYSE:VOC) Issues Earnings Results

VOC Energy Trust (NYSE:VOC) announced its quarterly earnings results on Tuesday. The oil and gas producer reported $0.11 EPS for the quarter, Zacks reports. The firm had revenue of $2.08 million during the quarter. VOC Energy Trust had a net margin of 85.78% and a return on equity of 66.55%.

VOC Energy Trust Stock Up 1.3%

VOC stock opened at $3.63 on Thursday. The stock’s 50 day moving average is $3.18 and its 200-day moving average is $3.00. VOC Energy Trust has a twelve month low of $2.44 and a twelve month high of $3.84. The firm has a market capitalization of $61.68 million, a PE ratio of 8.24 and a beta of 0.30.

VOC Energy Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.36 annualized dividend and a dividend yield of 9.9%. VOC Energy Trust’s payout ratio is presently 81.82%.

Analysts Set New Price Targets

Several equities research analysts 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 restated a “sell (d)” rating on shares of VOC Energy Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.