VOC Energy Trust (NYSE:VOC) Raised to “Sell” at ValuEngine

VOC Energy Trust (NYSE:VOC) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports.

Shares of VOC Energy Trust stock traded up $0.14 during trading hours on Monday, reaching $5.20. The company’s stock had a trading volume of 53,500 shares, compared to its average volume of 54,561. The company’s 50 day simple moving average is $5.15 and its 200 day simple moving average is $5.31. VOC Energy Trust has a one year low of $3.32 and a one year high of $6.86. The stock has a market cap of $86.19 million, a P/E ratio of 6.95 and a beta of 1.84.

VOC Energy Trust (NYSE:VOC) last posted its quarterly earnings results on Friday, August 9th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter. VOC Energy Trust had a net margin of 93.42% and a return on equity of 17.83%. The company had revenue of $2.96 million for the quarter.

Several institutional investors have recently bought and sold shares of VOC. Creative Planning increased its holdings in shares of VOC Energy Trust by 8.2% in the 2nd quarter. Creative Planning now owns 98,252 shares of the oil and gas producer’s stock worth $498,000 after acquiring an additional 7,428 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of VOC Energy Trust in the 2nd quarter worth about $42,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of VOC Energy Trust by 81.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,283 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 10,000 shares during the period. BlackRock Inc. acquired a new stake in shares of VOC Energy Trust in the 2nd quarter worth about $166,000. Finally, National Asset Management Inc. acquired a new stake in shares of VOC Energy Trust in the 2nd quarter worth about $286,000. Institutional investors own 16.02% of the company’s stock.

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 a 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2017, its underlying properties had interests in 492.5 net producing wells and 55,736.9 net acres; and had proved reserves of approximately 3.4 million barrels of oil equivalent (MMBoe) attributable to the portion of the Kansas underlying properties, and approximately 4.6 MMBoe attributable to the Texas underlying properties.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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