Weiss Ratings Reiterates “Sell (D+)” Rating for VOC Energy Trust (NYSE:VOC)

VOC Energy Trust (NYSE:VOC)‘s stock had its “sell (d+)” rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

VOC Energy Trust Stock Down 2.3%

Shares of VOC Energy Trust stock opened at $3.01 on Wednesday. The company has a market cap of $51.17 million, a PE ratio of 5.19 and a beta of 0.32. The business has a 50 day moving average of $2.80 and a 200 day moving average of $2.92. VOC Energy Trust has a 52 week low of $2.44 and a 52 week high of $5.69.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Tuesday, August 12th. The oil and gas producer reported $0.13 EPS for the quarter. The company had revenue of $2.48 million during the quarter. VOC Energy Trust had a return on equity of 83.54% and a net margin of 88.65%.

Institutional Investors Weigh In On VOC Energy Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in VOC Energy Trust in the first quarter worth $53,000. XTX Topco Ltd purchased a new stake in VOC Energy Trust in the first quarter worth $61,000. Finally, 180 Wealth Advisors LLC grew its stake in VOC Energy Trust by 19.7% in the second quarter. 180 Wealth Advisors LLC now owns 276,729 shares of the oil and gas producer’s stock worth $791,000 after purchasing an additional 45,631 shares during the 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.