VOC Energy Trust (NYSE:VOC) Rating Lowered to Hold at StockNews.com

VOC Energy Trust (NYSE:VOC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

VOC Energy Trust Trading Down 1.3 %

VOC opened at $4.68 on Thursday. The stock has a fifty day moving average price of $4.98 and a 200 day moving average price of $4.97. VOC Energy Trust has a 1 year low of $4.45 and a 1 year high of $7.71. The stock has a market cap of $79.56 million, a price-to-earnings ratio of 6.00 and a beta of 0.87.

VOC Energy Trust (NYSE:VOC) last announced its quarterly 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 during the quarter. VOC Energy Trust had a return on equity of 102.62% and a net margin of 90.84%.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Sanctuary Advisors LLC boosted its stake in shares of VOC Energy Trust (NYSE:VOC) by 29.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,140 shares of the oil and gas producer’s stock after purchasing 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 quarter.

About VOC Energy Trust

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.