VOC Energy Trust (NYSE:VOC) Raised to Buy at StockNews.com

VOC Energy Trust (NYSE:VOC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

VOC Energy Trust Stock Performance

Shares of NYSE:VOC traded down $0.05 during midday trading on Wednesday, reaching $4.65. 102,595 shares of the company’s stock traded hands, compared to its average volume of 68,239. The company has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $4.98. VOC Energy Trust has a 1 year low of $4.45 and a 1 year high of $7.71. The company has a market cap of $79.05 million, a P/E ratio of 5.96 and a beta of 0.87.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Thursday, November 7th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $3.40 million for the quarter. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Sanctuary Advisors LLC increased its holdings in shares of VOC Energy Trust (NYSE:VOC) by 29.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,140 shares of the oil and gas producer’s stock after acquiring an additional 20,001 shares during the quarter. Sanctuary Advisors LLC owned about 0.51% of VOC Energy Trust worth $436,000 at the end of the most recent reporting period.

VOC Energy Trust Company Profile

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.