VOC Energy Trust (NYSE:VOC) Posts 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. 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 NYSE VOC opened at $3.06 on Thursday. The company’s fifty day moving average is $3.40 and its 200-day moving average is $3.10. The stock has a market cap of $52.02 million, a price-to-earnings ratio of 6.95 and a beta of 0.19. VOC Energy Trust has a twelve month low of $2.60 and a twelve month high of $3.84.

VOC Energy Trust Increases Dividend

The company 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 is a positive change from VOC Energy Trust’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Thursday, April 30th. VOC Energy Trust’s payout ratio is 86.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOC. Weiss Ratings upgraded VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of VOC Energy Trust to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.