VOC Energy Trust (NYSE:VOC) Releases Earnings Results

VOC Energy Trust (NYSE:VOC) issued its earnings results on Thursday. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, Zacks reports. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%.

VOC Energy Trust Stock Performance

Shares of VOC Energy Trust stock traded down $0.02 during trading on Thursday, reaching $3.32. The company had a trading volume of 27,307 shares, compared to its average volume of 66,492. The company has a market cap of $56.36 million, a price-to-earnings ratio of 4.25 and a beta of 0.82. The firm’s fifty day moving average is $3.83 and its 200-day moving average is $4.56. VOC Energy Trust has a fifty-two week low of $2.85 and a fifty-two week high of $7.10.

VOC Energy Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, January 30th were paid a $0.085 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 10.26%. VOC Energy Trust’s dividend payout ratio (DPR) is presently 43.59%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of VOC Energy Trust from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th.

About VOC Energy Trust

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.