StockNews.com Downgrades VOC Energy Trust (NYSE:VOC) to Hold

VOC Energy Trust (NYSE:VOC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

VOC Energy Trust Price Performance

VOC Energy Trust stock traded down $0.02 during midday trading on Tuesday, reaching $4.96. 26,163 shares of the company traded hands, compared to its average volume of 67,653. VOC Energy Trust has a 12 month low of $4.45 and a 12 month high of $7.90. The business has a 50 day moving average of $5.08 and a two-hundred day moving average of $5.00. The firm has a market capitalization of $84.32 million, a price-to-earnings ratio of 6.36 and a beta of 0.87.

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

Hedge Funds Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Sanctuary Advisors LLC grew its stake in shares of VOC Energy Trust (NYSE:VOC - Free Report) by 29.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,140 shares of the oil and gas producer's stock after buying an additional 20,001 shares during the period. Sanctuary Advisors LLC owned 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.