VOC Energy Trust (NYSE:VOC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

VOC Energy Trust (NYSE:VOC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.89 and traded as high as $2.89. VOC Energy Trust shares last traded at $2.80, with a volume of 71,463 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VOC Energy Trust in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

VOC Energy Trust Trading Down 1.1%

The company has a market cap of $47.60 million, a price-to-earnings ratio of 5.49 and a beta of 0.32. The firm has a 50-day moving average price of $2.93 and a 200 day moving average price of $2.89.

VOC Energy Trust (NYSE:VOC) last posted its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.11 EPS for the quarter. The business had revenue of $2.16 million during the quarter. VOC Energy Trust had a net margin of 87.74% and a return on equity of 75.96%.

VOC Energy Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 30th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date was Thursday, October 30th. VOC Energy Trust’s dividend payout ratio is currently 86.27%.

Hedge Funds Weigh In On VOC Energy Trust

A hedge fund recently raised its stake in VOC Energy Trust stock. Janney Montgomery Scott LLC lifted its stake in shares of VOC Energy Trust (NYSE:VOC) by 152.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,733 shares of the oil and gas producer’s stock after acquiring an additional 25,792 shares during the quarter. Janney Montgomery Scott LLC owned 0.25% of VOC Energy Trust worth $122,000 at the end of the most recent reporting period.

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.