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

VOC Energy Trust (NYSE:VOC) released its quarterly earnings results on Monday. The oil and gas producer reported $0.10 EPS 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 Price Performance

NYSE VOC traded up $0.08 during mid-day trading on Monday, reaching $3.13. 62,635 shares of the stock were exchanged, compared to its average volume of 115,425. VOC Energy Trust has a one year low of $2.60 and a one year high of $3.84. The stock has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $3.16. The stock has a market cap of $53.21 million, a P/E ratio of 7.11 and a beta of 0.12.

VOC Energy Trust Increases Dividend

The company also recently disclosed 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%. This is a boost from VOC Energy Trust’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, July 30th. VOC Energy Trust’s dividend payout ratio is currently 254.55%.

Analyst Ratings Changes

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

VOC Energy Trust Company Profile

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.