VOC Energy Trust (NYSE:VOC) Announces Earnings Results

Key Points

• VOC reported quarterly EPS of $0.11 on revenue of $2.08 million, with a very high return on equity (75.96%) and net margin (87.74%).
• The trust paid a quarterly dividend of $0.09 (annualized $0.36), representing a 10.0% yield and a dividend payout ratio of 70.59%.
• Shares opened at $3.61 (one-year range $2.44–$3.84), market cap about $61.4M and a P/E of 7.08, and analysts’ consensus rating is a Sell.

VOC Energy Trust (NYSE:VOC - Get Free Report) posted its earnings results on Tuesday. The oil and gas producer reported $0.11 earnings per share for the quarter, Zacks reports. The company had revenue of $2.08 million for the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.

VOC Energy Trust Stock Performance

Shares of VOC Energy Trust stock opened at $3.61 on Wednesday. VOC Energy Trust has a one year low of $2.44 and a one year high of $3.84. The company has a market capitalization of $61.37 million, a PE ratio of 7.08 and a beta of 0.30. The company has a 50-day simple moving average of $3.17 and a two-hundred day simple moving average of $2.99.

VOC Energy Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 10.0%. VOC Energy Trust's dividend payout ratio (DPR) is presently 70.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VOC. Weiss Ratings reissued a "sell (d)" rating on shares of VOC Energy Trust in a report on Monday, December 29th. Wall Street Zen upgraded VOC Energy Trust to a "hold" rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.