VOC Energy Trust (NYSE:VOC) Rating Increased to Hold at Wall Street Zen

VOC Energy Trust (NYSE:VOC) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Friday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VOC Energy Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

VOC Energy Trust Trading Down 1.0%

VOC Energy Trust stock opened at $2.98 on Friday. The company has a market capitalization of $50.66 million, a price-to-earnings ratio of 5.84 and a beta of 0.33. VOC Energy Trust has a 12 month low of $2.44 and a 12 month high of $4.35. The stock’s 50 day moving average is $2.87 and its 200-day moving average is $2.89.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.11 earnings per share for the quarter. VOC Energy Trust had a return on equity of 75.96% and a net margin of 87.74%.The business had revenue of $2.16 million during the quarter.

Institutional Investors Weigh In On VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. Janney Montgomery Scott LLC increased its holdings in shares of VOC Energy Trust (NYSE:VOC) by 152.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,733 shares of the oil and gas producer’s stock after buying an additional 25,792 shares during the quarter. Janney Montgomery Scott LLC owned 0.25% of VOC Energy Trust worth $122,000 at the end of the most recent reporting period.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.