VOC Energy Trust (NYSE:VOC) Rating Increased 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 note issued to investors on Wednesday.

VOC Energy Trust Trading Up 2.8 %

Shares of NYSE:VOC opened at $4.78 on Wednesday. The firm’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.98. The firm has a market capitalization of $81.26 million, a P/E ratio of 6.13 and a beta of 0.87. VOC Energy Trust has a 52 week low of $4.45 and a 52 week high of $7.71.

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

Institutional Trading of VOC Energy Trust

A hedge fund recently raised its stake in VOC Energy Trust stock. Sanctuary Advisors LLC grew its holdings in VOC Energy Trust (NYSE:VOC) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,140 shares of the oil and gas producer’s stock after purchasing an additional 20,001 shares during the period. Sanctuary Advisors LLC owned approximately 0.51% of VOC Energy Trust worth $436,000 as of its most recent SEC filing.

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.