VOC Energy Trust (NYSE:VOC) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• VOC Energy Trust shares fell below their 200-day moving average, trading as low as $3.01 versus the $3.22 average, and last changed hands at $3.0750.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (d+)” rating, and the stock has an overall MarketBeat rating of “Sell.”
• The trust cut its quarterly dividend to $0.19 per share from $0.28, implying annualized dividends of $0.76 and a 24.7% yield; its payout ratio stands at 273.17%.

VOC Energy Trust (NYSE:VOC - Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.22 and traded as low as $3.01. VOC Energy Trust shares last traded at $3.0750, with a volume of 322,858 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of VOC Energy Trust in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, VOC Energy Trust currently has an average rating of "Sell".

VOC Energy Trust Trading Down 6.8%

The firm has a market cap of $52.27 million, a P/E ratio of 7.50 and a beta of 0.18. The business's fifty day moving average price is $3.39 and its two-hundred day moving average price is $3.22.

VOC Energy Trust (NYSE:VOC - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $1.70 million during the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%.

VOC Energy Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 24.7%. This is a decrease from VOC Energy Trust's previous quarterly dividend of $0.28. The ex-dividend date is Friday, October 30th. VOC Energy Trust's dividend payout ratio is 273.17%.

About VOC Energy Trust

VOC Energy Trust is a publicly traded grantor trust formed to own and distribute proceeds from oil and natural gas interests. The trust does not operate exploration and production activities directly; instead, it receives income from its underlying interests in producing and potentially developing oil and gas properties.

The trust's assets primarily consist of net profits interests in oil and natural gas properties located in Kansas and Texas. Revenue is generated from the sale of production from these properties, after the deduction of applicable operating expenses, development costs and other expenses.

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