VOC Energy Trust (NYSE:VOC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

VOC Energy Trust (NYSE:VOC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.53. VOC Energy Trust shares last traded at $3.4510, with a volume of 110,570 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VOC. Wall Street Zen upgraded VOC Energy Trust to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of VOC Energy Trust in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, VOC Energy Trust presently has an average rating of “Sell”.

VOC Energy Trust Price Performance

The firm has a 50-day simple moving average of $3.25 and a 200 day simple moving average of $3.03. The company has a market capitalization of $58.67 million, a PE ratio of 7.84 and a beta of 0.23.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Tuesday, March 24th. The oil and gas producer reported $0.11 earnings per share for the quarter. VOC Energy Trust had a return on equity of 67.64% and a net margin of 85.78%.The company had revenue of $2.08 million during the quarter.

VOC Energy Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.36 annualized dividend and a yield of 10.4%. VOC Energy Trust’s payout ratio is 81.82%.

Institutional Trading of VOC Energy Trust

An institutional investor recently raised its position in VOC Energy Trust stock. 180 Wealth Advisors LLC lifted its holdings in shares of VOC Energy Trust (NYSE:VOC) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 310,742 shares of the oil and gas producer’s stock after acquiring an additional 34,013 shares during the quarter. 180 Wealth Advisors LLC owned 1.83% of VOC Energy Trust worth $910,000 as of its most recent filing with the SEC.

About VOC Energy Trust

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.