VOC Energy Trust (NYSE:VOC) Issues Quarterly Earnings Results

VOC Energy Trust (NYSE:VOC) announced its quarterly 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%. The firm had revenue of $3.24 million during the quarter.

VOC Energy Trust Stock Down 2.4 %

VOC opened at $3.25 on Friday. VOC Energy Trust has a twelve month low of $2.85 and a twelve month high of $7.10. The company has a fifty day moving average of $3.77 and a 200-day moving average of $4.54. The stock has a market cap of $55.25 million, a PE ratio of 4.17 and a beta of 0.82.

VOC Energy Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, January 30th were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 10.46%. The ex-dividend date was Thursday, January 30th. VOC Energy Trust’s dividend payout ratio (DPR) is presently 43.59%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of VOC Energy Trust from a “buy” rating to a “hold” rating in a research report 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.