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Home Technical Analysis VOC Energy Trust (VOC) Deserves To Be On Your Radar Today
VOC Energy Trust (VOC) Deserves To Be On Your Radar Today
Melissa Arnold
VOC Energy Trust (NYSE:VOC) is one of the stocks that are taking the center stage today as the company shares are trading 3.94% or 0.2 points lower from last closing price of $5.08, reaching $4.88 at last check. So what's going on with VOC shares anyway? The price has dropped in 2 of the last 5 days and is down 0% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -67,552 shares, and in total 60748 shares valued at $296450 were seen changing hands compared with 128300 shares valued at $651764 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the VOC stock is near its bottom.
VOC Energy Trust (VOC) shares have notched a 3-month decline of about 0%, but has still advanced 9.72% year to date. By comparison, the stock added 15.72% over the past 12 months, while it jumped 9.25% over the 1 month. The company's market cap is around $86.92M, with its short interest ratio standing at 0.65%.
In the current trading session for VOC, the stock witnessed two major price actions, it rose to a high of $5.071 and was down as much as $4.88 at one point. The high recorded is very low when compared to their 52-week high which is $4.12. The 52-week high is now at -28.57 distance from current price. Their recent low of $6.86 represents a 18.84% recovery. This data is quite important for investors who look to benefit from the recent rise of the company's stock. The price target currently for VOC is $4, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of VOC Energy Trust earned $0.73 per share in the trailing 12 months and has a P/E ratio of 6.68. You can compare it with that of similar companies in its industry to get a sense of whether the stock you're looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 15.44 and lower compared to the sector's average of 17.95. When the P/E ratio is low let's say below 1.0, then the stock price is considered a good value. VOC also has P/S multiple of 6.28. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.77x.
VOC's last price was down -5.03% as compared to the average trading price of 50 days recorded at $5.14 while enlarging the period to 200 trading days, the average closing price was $4.65. At present, there are 17.11 million in the total number of common shares owned by the public and among those 16.8 million shares have been available to trade. The percentage of shares being held by the company management was 1.19% while institutions stake was 15.9%. The company has generated positive returns on equity over the last 12 months (18.4%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the VOC stock, there is another set of technicals that should be looked into and considered. Its 4.48% gain from moving average of $4.67 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.81 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -6.6%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -15.1 over the last five years. The company recently recorded an increase of 2.7%, but this figure is rather unattractive.
Let's briefly check the hedge fund interest towards VOC stock. Shoker Investment Counsel Inc. added position in the company after it grew 4% or 64,938 shares of its common stock. The hedge fund now owns 67,535 shares worth $329,571, SEC documents show. Creative Planning shored up assets in the stock as 98235.07 shares have been purchased, increasing its stake by 3.8% to 101,968 shares which are currently valued at $497,604. In addition, Parallax Volatility Advisers L.P. recently reported that it now owns 117,324 shares making a total of $572,541 based on the recent price. This refelects a change of -30.9% in their ownership.
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