VOC
VOC Energy Trust
VOC's fundamentals are weak and it looks expensive: trading at 7.9x earnings, above its usual 6.8x.
VOC Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Stable | |
| Strong |
VOC's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue is under pressure.
VOC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.8x | $1.95 | -39% |
| Fair | 6.8x | $2.78 | -13% |
| Current | 7.9x | $3.19 | — |
| Expensive | 11x | $4.59 | +44% |
Historical ranges are pointers, not guarantees.
VOC's PE is in its expensive range at 7.9x.
VOC Forward outlook
There aren't enough analyst estimates for VOC to show an outlook.
VOC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.41 | -28% |
| Q1 2026 | $0.44 | -29% |
| Q4 2025 | $0.43 | -41% |
| Q3 2025 | $0.51 | -35% |
| Q2 2025 | $0.57 | -30% |
| Q1 2025 | $0.62 | -28% |
| Q4 2024 | $0.73 | -19% |
| Q3 2024 | $0.78 | -25% |
VOC's earnings per share have fallen from their peak: $0.41 over the past year, against $1.28 in late 2022.
VOC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.7M | -32% |
| Q1 2026 | $1.6M | -16% |
| Q4 2025 | $2.1M | -36% |
| Q3 2025 | $2.2M | -37% |
| Q2 2025 | $2.5M | -26% |
| Q1 2025 | $1.9M | -47% |
| Q4 2024 | $3.2M | -21% |
| Q3 2024 | $3.4M | -10% |
VOC's revenue has slid since its 2022 peak: $2M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 95% | +6 points |
| Q1 2026 | 96% | +20 points |
| Q4 2025 | 90% | -4.4 points |
| Q3 2025 | 87% | -3.4 points |
| Q2 2025 | 89% | -1.7 points |
| Q1 2025 | 76% | -14 points |
| Q4 2024 | 94% | +1.6 points |
| Q3 2024 | 90% | -4.2 points |
VOC's operating margin was 95% last quarter, up 6 points from the same quarter a year ago.
VOC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | +$11M |
| Q3 2024 | $0 | $0 |
VOC's free cash flow was $0 over the past year, against $0 the year before.
VOC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
VOC has 17M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
VOC hasn't bought back shares in the past year.
VOC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
| Q3 2024 | -0.1x | Net Cash |
VOC has more cash than debt.
VOC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.3 | Neutral |
| Stochastic | 28.4 | Neutral |
VOC's weekly RSI is 49 (neutral) and its Stochastic is 28 (neutral).
VOC PE vs Energy Sector
| Metric | VOC | Sector median | Relative |
|---|---|---|---|
| PE | 7.9x | 13x | 40% below |
| PE % | 69 | 61 | 8 pts above |
VOC is trading at 7.9x earnings, a 40% discount to the Energy sector's median of 13x.
VOC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.29 | 3% below |
| 20 week MA | $3.24 | 1.5% below |
| 50 week MA | $3.16 | 0.9% above |
| 100 week MA | $3.20 | 0.3% below |
| 200 week MA | $5.12 | 38% below |
VOC's trend is mixed: it's above one of its five weekly moving averages, and 38% below its 200-week average.
VOC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.58 | $2.41 | -47% |
| 2021 | $2.41 | $4.63 | +92% |
| 2022 | $4.63 | $9.12 | +97% |
| 2023 | $9.12 | $7.20 | -21% |
| 2024 | $7.20 | $4.68 | -35% |
| 2025 | $4.68 | $2.79 | -40% |
| 2026 YTD | $2.79 | $3.19 | +14% |
VOC has finished three years in a row lower, and it's up 14% so far in 2026.