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

VOC Energy Trust (NYSE:VOC) released its quarterly earnings data on Wednesday. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.59 million during the quarter. VOC Energy Trust had a return on equity of 69.55% and a net margin of 90.03%.

VOC Energy Trust Stock Up 3.0%

Shares of NYSE VOC traded up $0.10 during mid-day trading on Friday, reaching $3.27. 62,661 shares of the company were exchanged, compared to its average volume of 124,635. VOC Energy Trust has a 52 week low of $2.60 and a 52 week high of $3.84. The stock has a market capitalization of $55.51 million, a PE ratio of 7.43 and a beta of 0.19. The company’s 50 day moving average price is $3.40 and its 200 day moving average price is $3.10.

VOC Energy Trust Increases Dividend

The business also recently disclosed 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 is an increase from VOC Energy Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, April 30th. This represents a $0.38 annualized dividend and a dividend yield of 11.6%. VOC Energy Trust’s dividend payout ratio is 86.36%.

Wall Street Analysts Forecast Growth

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