VOC Energy Trust (NYSE:VOC) Short Interest Up 120.6% in March

VOC Energy Trust (NYSE:VOC) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 56,358 shares, an increase of 120.6% from the February 26th total of 25,545 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 277,937 shares, the days-to-cover ratio is currently 0.2 days.

VOC Energy Trust Stock Up 0.7%

Shares of VOC stock opened at $3.65 on Friday. The stock has a 50-day simple moving average of $3.21 and a 200 day simple moving average of $3.01. The stock has a market capitalization of $61.97 million, a P/E ratio of 8.28 and a beta of 0.30. VOC Energy Trust has a fifty-two week low of $2.44 and a fifty-two week high of $3.84.

VOC Energy Trust (NYSE:VOC) last posted its quarterly earnings data on Tuesday, March 24th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.08 million for the quarter. VOC Energy Trust had a return on equity of 67.64% and a net margin of 85.78%.

VOC Energy Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend was Friday, January 30th. VOC Energy Trust’s payout ratio is currently 81.82%.

Hedge Funds Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. 180 Wealth Advisors LLC raised its holdings in VOC Energy Trust (NYSE:VOC) by 12.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,742 shares of the oil and gas producer’s stock after buying an additional 34,013 shares during the quarter. 180 Wealth Advisors LLC owned 1.83% of VOC Energy Trust worth $910,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

VOC has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of VOC Energy Trust in a report on Monday, December 29th. Wall Street Zen upgraded shares of VOC Energy Trust to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

VOC Energy Trust Company Profile

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.