VOC Energy Trust (NYSE:VOC) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Wednesday, Stock Ratings News reports.
The analysts wrote, “VOC Energy (VOC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of VOC Energy Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $15.80 price target on the stock.
Shares of VOC Energy Trust (NYSE:VOC) traded up 0.75% on Wednesday, hitting $14.699. The stock had a trading volume of 36,898 shares. VOC Energy Trust has a one year low of $12.99 and a one year high of $17.51. The stock has a 50-day moving average of $15.08 and a 200-day moving average of $15.41. The company has a market cap of $249.9 million and a P/E ratio of 8.68.
VOC Energy Trust (NYSE:VOC) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.07. On average, analysts predict that VOC Energy Trust will post $1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 14.26%. The ex-dividend date is Monday, April 28th.
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