VOC Energy Trust (NYSE:VOC) Releases Earnings Results

VOC Energy Trust (NYSE:VOC) 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 traded up $0.08 during trading on Monday, reaching $3.13. 62,635 shares of the company’s 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 market capitalization of $53.21 million, a PE ratio of 7.11 and a beta of 0.12. The firm has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $3.16.

VOC Energy Trust Increases Dividend

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

Analyst Ratings Changes

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