Veren Inc. (NYSE:VRN) traded at $6.76 at last check on current trade day and made a downward move of -0.29% on its previous day’s price.
Looking at the stock we see that its previous close was $6.78 and the beta (5Y monthly) reads 2.728 with the day’s price range being $6.72 – $6.84. In terms of its 52-week price range, VRN has a high of $9.28 and a low of $6.03. The company’s stock has lost about -1.02% over that past 30 days.
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Veren Inc. has a market cap of $4.18 billion and is expected to release its quarterly earnings report on 2024-Oct-31. With its Forward Dividend at 0.32 and a yield of 4.69%, the company’s investors could be anxious for the VRN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.24, with the EPS growth for the year raised at 0.35 for current year and 0.35 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 753.79M, with a low of 727.53M and a high of 780.05M. The median projection represents growth adding up to -3.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.3B, or 41.00% up from figures reported last year.
On the other hand, looking at the outlook for the VRN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -5.89% off its SMA20 and -10.13% from its 50-day simple moving average. The RSI (14) is pointing at 34.42 while the volatility over the past week is 2.46% and jumps to 2.73% over the past one month. The beta value is 2.17, while the average true range (ATR) is currently pointing at 0.22.
Coming back to Veren Inc. (NYSE:VRN), we note that the average 3-month trading volume was 2.56 million, while that of the preceding 10-day period stands at 2.31 million. Current shares outstanding are 619.93 million.
The insiders hold 2.24% of the company’s shares while institutions hold 47.82%. The data shows that short shares as of 2024-08-15, stood at 12.97 million at a short ratio of 4.17. Shares short rose in August from the previous month at 12.31 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -2.45% down in year-to-date price movement.
