Oppenheimer Upgrades VOC Energy Trust (VOC) to Outperform
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Price: $3.17 -3.35%
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer upgraded VOC Energy Trust (NYSE: VOC) from Perform to Outperform with a price target of $25.00.
The firm notes their updated 2012 distribution estimates are approximately 5% higher than consensus driven by horizontal drilling in the Woodbine. Longer term they see three new wells coming online annually, helping to grow production and offset future decline.
For an analyst ratings summary and ratings history on VOC Energy Trust click here. For more ratings news on VOC Energy Trust click here.
Shares of VOC Energy Trust closed at $22.70 yesterday.
The firm notes their updated 2012 distribution estimates are approximately 5% higher than consensus driven by horizontal drilling in the Woodbine. Longer term they see three new wells coming online annually, helping to grow production and offset future decline.
For an analyst ratings summary and ratings history on VOC Energy Trust click here. For more ratings news on VOC Energy Trust click here.
Shares of VOC Energy Trust closed at $22.70 yesterday.
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