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

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

VOC Energy Trust Stock Performance

NYSE VOC remained flat at $4.74 on Thursday. 37,699 shares of the company traded hands, compared to its average volume of 67,686. The company has a market cap of $80.58 million, a P/E ratio of 6.08 and a beta of 0.87. VOC Energy Trust has a 1-year low of $4.45 and a 1-year high of $7.71. The firm's fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.97.

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

Institutional Investors Weigh In On VOC Energy Trust

A hedge fund recently bought a new stake in VOC Energy Trust stock. Sanctuary Advisors LLC acquired a new position in shares of VOC Energy Trust (NYSE:VOC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,139 shares of the oil and gas producer's stock, valued at approximately $323,000. Sanctuary Advisors LLC owned about 0.39% of VOC Energy Trust 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.