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VOC Energy Trust

NYSE:VOC
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VOC
NYSE
$115M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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 last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • VOC Energy Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • VOC Energy Trust has significant price volatility in the past 3 months.
VOC Share Price and Events
7 Day Returns
14.6%
NYSE:VOC
2.2%
US Oil and Gas
-0.1%
US Market
1 Year Returns
27.9%
NYSE:VOC
-5.3%
US Oil and Gas
7.6%
US Market
VOC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VOC Energy Trust (VOC) 14.6% 24.4% 50.2% 27.9% 102.7% -53.2%
US Oil and Gas 2.2% 4.8% 10.1% -5.3% 5.7% -26.1%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • VOC outperformed the Oil and Gas industry which returned -5.3% over the past year.
  • VOC outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
VOC
Industry
5yr Volatility vs Market

VOC Value

 Is VOC Energy Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of VOC Energy Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VOC Energy Trust.

NYSE:VOC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-12-31) in USD $ .745000
Payout Ratio Company Filings (2018-12-31) 0%
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:VOC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.938 (1 + (1- 21%) (0%))
1.15
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.15 * 5.96%)
9.58%

Discounted Cash Flow Calculation for NYSE:VOC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for VOC Energy Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:VOC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.75 / (9.58% - 2.73%)
$10.87
NYSE:VOC Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.87
Current discount Discount to share price of $6.79
= -1 x ($6.79 - $10.87) / $10.87
37.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price VOC Energy Trust is available for.
Intrinsic value
38%
Share price is $6.79 vs Future cash flow value of $10.87
Current Discount Checks
For VOC Energy Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VOC Energy Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • VOC Energy Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VOC Energy Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VOC Energy Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:VOC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.71
NYSE:VOC Share Price ** NYSE (2019-04-23) in USD $6.79
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 13.3x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VOC Energy Trust.

NYSE:VOC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VOC Share Price ÷ EPS (both in USD)

= 6.79 ÷ 0.71

9.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VOC Energy Trust is good value based on earnings compared to the US Oil and Gas industry average.
  • VOC Energy Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does VOC Energy Trust's expected growth come at a high price?
Raw Data
NYSE:VOC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 77 Publicly-Listed Oil and Gas Companies 0.6x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VOC Energy Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VOC Energy Trust's assets?
Raw Data
NYSE:VOC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.12
NYSE:VOC Share Price * NYSE (2019-04-23) in USD $6.79
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NYSE:VOC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VOC Share Price ÷ Book Value per Share (both in USD)

= 6.79 ÷ 4.12

1.65x

* Primary Listing of VOC Energy Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VOC Energy Trust is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess VOC Energy Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. VOC Energy Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VOC Future Performance

 How is VOC Energy Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VOC Energy Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VOC Energy Trust expected to grow at an attractive rate?
  • Unable to compare VOC Energy Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VOC Energy Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare VOC Energy Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:VOC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:VOC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VOC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 13 12
2018-09-30 11 10
2018-06-30 9 8
2018-03-31 9 9
2017-12-31 8 8
2017-09-30 8 9
2017-06-30 8 8
2017-03-31 6 5
2016-12-31 5 5
2016-09-30 5 5
2016-06-30 6 5
2016-03-31 8 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VOC Energy Trust is high growth as no earnings estimate data is available.
  • Unable to determine if VOC Energy Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:VOC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VOC Energy Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VOC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.71
2018-09-30 0.59
2018-06-30 0.50
2018-03-31 0.53
2017-12-31 0.50
2017-09-30 0.50
2017-06-30 0.48
2017-03-31 0.32
2016-12-31 0.29
2016-09-30 0.29
2016-06-30 0.31
2016-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VOC Energy Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether VOC Energy Trust is trading at VOC Energy Trust'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. VOC Energy Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. VOC Energy Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VOC Energy Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VOC Energy Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VOC Past Performance

  How has VOC Energy Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VOC Energy Trust's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VOC Energy Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • VOC Energy Trust's 1-year earnings growth exceeds its 5-year average (43.4% vs -36.1%)
  • VOC Energy Trust's earnings growth has not exceeded the US Oil and Gas industry average in the past year (43.4% vs 44.3%).
Earnings and Revenue History
VOC Energy Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VOC Energy Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VOC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12.94 12.07 0.87
2018-09-30 10.73 9.95 0.78
2018-06-30 9.19 8.42 0.78
2018-03-31 8.51 8.93 0.79
2017-12-31 7.79 8.42 0.79
2017-09-30 8.24 8.50 0.95
2017-06-30 7.80 8.16 0.85
2017-03-31 5.83 5.44 0.83
2016-12-31 5.30 4.85 0.90
2016-09-30 5.31 4.85 0.91
2016-06-30 5.63 5.19 0.89
2016-03-31 7.83 7.06 0.77
2015-12-31 8.63 7.99 0.64
2015-09-30 12.97 12.58 0.39
2015-06-30 17.85 17.34 0.51
2015-03-31 24.20 23.46 0.74
2014-12-31 32.28 31.45 0.83
2014-09-30 35.01 34.17 0.84
2014-06-30 35.43 34.51 0.92
2014-03-31 34.71 33.83 0.88
2013-12-31 29.27 28.56 0.71
2013-09-30 28.22 27.37 0.85
2013-06-30 31.52 30.60 0.92
2013-03-31 34.94 34.17 0.77
2012-12-31 38.11 37.23 0.88
2012-09-30 39.83 38.93 0.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • VOC Energy Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VOC Energy Trust used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if VOC Energy Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess VOC Energy Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VOC Energy Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VOC Health

 How is VOC Energy Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VOC Energy Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as VOC Energy Trust has not reported sufficient balance sheet data.
  • VOC Energy Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VOC Energy Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • VOC Energy Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VOC Energy Trust Company Filings, last reported 3 months ago.

NYSE:VOC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 70.01 0.00 0.36
2018-09-30 71.70 0.00 0.39
2018-06-30 73.58 0.00 0.24
2018-03-31 75.51 0.00 0.19
2017-12-31 77.71 0.00 0.32
2017-09-30 79.80 0.00 0.39
2017-06-30 81.68 0.00 0.33
2017-03-31 83.53 0.00 0.22
2016-12-31 85.47 0.00 0.24
2016-09-30 87.50 0.00 0.27
2016-06-30 89.45 0.00 0.27
2016-03-31 91.39 0.00 0.16
2015-12-31 93.46 0.00 0.25
2015-09-30 95.41 0.00 0.15
2015-06-30 97.33 0.00 0.18
2015-03-31 99.32 0.00 0.19
2014-12-31 101.60 0.00 0.42
2014-09-30 104.06 0.00 0.56
2014-06-30 106.37 0.00 0.43
2014-03-31 108.62 0.00 0.27
2013-12-31 111.44 0.00 0.45
2013-09-30 114.15 0.00 0.53
2013-06-30 116.75 0.00 0.31
2013-03-31 119.35 0.00 0.24
2012-12-31 122.35 0.00 0.47
2012-09-30 125.01 0.00 0.44
  • VOC Energy Trust has no debt.
  • VOC Energy Trust has not taken on any debt in the past 5 years.
  • VOC Energy Trust has no debt, it does not need to be covered by operating cash flow.
  • VOC Energy Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess VOC Energy Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VOC Energy Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VOC Dividends

 What is VOC Energy Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.97%
Current annual income from VOC Energy Trust dividends.
If you bought $2,000 of VOC Energy Trust shares you are expected to receive $219 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • VOC Energy Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • VOC Energy Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:VOC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:VOC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-17 0.745 14.373
2018-03-14 0.525 10.737
2017-01-19 0.320 7.683
2016-03-15 0.415 13.409
2015-03-12 1.380 35.559
2014-03-13 1.990 20.617
2013-03-15 2.010 13.764
2012-10-18 1.840 13.653
2012-07-19 2.400 12.856
2012-04-19 2.760 14.082
2012-01-19 1.760 8.136
2011-10-18 2.240 10.365
2011-07-20 3.440 15.886

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VOC Energy Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • VOC Energy Trust has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of VOC Energy Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VOC Energy Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VOC Energy Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VOC Energy Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VOC Management

 What is the CEO of VOC Energy Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • VOC Energy Trust has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess VOC Energy Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VOC Energy Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VOC News

Simply Wall St News

VOC Energy Trust (NYSE:VOC): Risks You Need To Consider Before Buying

If you're interested in VOC Energy Trust (NYSE:VOC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Does VOC Energy Trust's (NYSE:VOC) PE Ratio Signal A Buying Opportunity?

and want to better understand how you can grow your money by investing in VOC Energy Trust (NYSE:VOC). … VOC Energy Trust (NYSE:VOC) trades with a trailing P/E of 9.2x, which is lower than the industry average of 13.4x. … While VOC might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

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Interested In VOC Energy Trust (NYSE:VOC)? Here's What Its Recent Performance Looks Like

Today I will examine VOC Energy Trust's (NYSE:VOC) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of VOC's industry performed. … See our latest analysis for VOC Energy Trust Did VOC's recent earnings growth beat the long-term trend and the industry? … For VOC Energy Trust, its most recent trailing-twelve-month earnings is US$8.42M, which, relative to the prior year's figure, has increased by a substantial 73.68%.

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Top Undervalued Energy Stocks To Buy

Undervalued energy companies are those that trade at a price lower than their actual values, such as VOC Energy Trust and Navios Maritime Midstream Partners. … (NYSE:NAP) Navios Maritime Midstream Partners L.P. … Navios Maritime Midstream Partners was established in 2014 and has a market cap of USD $96.61M, putting it in the small-cap stocks category.

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Is VOC Energy Trust's (NYSE:VOC) PE Ratio A Signal To Buy For Investors?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VOC Price per share = $4.03 Earnings per share = $0.495 ∴ Price-Earnings Ratio = $4.03 ÷ $0.495 = 8.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 8.1x, VOC’s P/E is lower than its industry peers (11.9x).

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Cheap Energy Stocks This Week

Undervalued energy companies, such as VOC Energy Trust and Navios Maritime Midstream Partners, trade at a price less than their true values. … NYSE:VOC PE PEG Gauge Mar 27th 18 Navios Maritime Midstream Partners L.P. … (NYSE:NAP) Navios Maritime Midstream Partners L.P.

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What Kind Of Risk Should You Expect For VOC Energy Trust (NYSE:VOC)?

VOC Energy Trust's beta of 0.92 indicates that the stock value will be less variable compared to the whole stock market. … VOC’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both VOC’s size and industry indicates the stock should have a higher beta than it currently has.

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Did VOC Energy Trust (NYSE:VOC) Create Value For Investors Over The Past Year?

View our latest analysis for VOC Energy Trust Breaking down Return on Equity Return on Equity (ROE) is a measure of VOC Energy Trust’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of VOC Energy Trust’s equity capital deployed. … Currently, VOC Energy Trust has no debt which means its returns are driven purely by equity capital.

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Be Careful About Buying VOC Energy Trust (NYSE:VOC) For The 6.53% Dividend, Here's Why

View our latest analysis for VOC Energy Trust 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … NYSE:VOC Historical Dividend Yield Feb 28th 18 How well does VOC Energy Trust fit our criteria? … Compared to its peers, VOC Energy Trust has a yield of 6.53%, which is high for Oil and Gas stocks.Next Steps: After digging a little deeper into VOC Energy Trust's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

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VOC Energy Trust (NYSE:VOC): Ex-Dividend Is Coming In 3 Days, Should You Buy?

Important news for shareholders and potential investors in VOC Energy Trust (NYSE:VOC): The dividend payment of $0.11 per share will be distributed into shareholder on 14 February 2018, and the stock will begin trading ex-dividend at an earlier date, 29 January 2018. … View our latest analysis for VOC Energy Trust 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:VOC Historical Dividend Yield Jan 25th 18 Does VOC Energy Trust pass our checks?

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VOC Company Info

Description

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, 2017, its underlying properties had interests in 491.1 net producing wells and 54,181.5 net acres; and had proved reserves of approximately 3.9 million barrels of oil equivalent (MMBoe) attributable to the portion of the Kansas underlying properties, and approximately 5.9 MMBoe attributable to the Texas underlying properties. VOC Energy Trust was founded in 2010 and is based in Houston, Texas.

Details
Name: VOC Energy Trust
VOC
Exchange: NYSE
Founded: 2010
$115,430,000
17,000,000
Website: http://
Address: VOC Energy Trust
601 Travis Street,
Floor 16,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VOC Trust units New York Stock Exchange US USD 05. May 2011
Number of employees
Current staff
Staff numbers
0
VOC Energy Trust employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:27
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.