Veren Inc (NYSE:VRN) price closed lower on Monday, November 11 and dropping -1.33% below its previous close.
A look at the daily price movement shows that the last close reads $5.28, with intraday deals fluctuated between $5.12 and $5.24. The company’s 5Y monthly beta was ticking 2.669 while its P/E ratio in the trailing 12-month period read 3.74. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.28 and 52-week low of $4.90. The stock subtracted -19.35% on its value in the past month.
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Veren Inc, which has a market valuation of $4.37 billion, is expected to release its quarterly earnings report in December. The company stock has a Forward Dividend ratio of 0.33, while the dividend yield is 6.29%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 718.02M, with the likely lows of 652.38M and highs of 783.66M. The average estimate suggests sales growth for the quarter will likely rise by 13.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 3.12B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 33.20% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give VRN a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.73. The overview shows that VRN’s price is at present -9.16% off the SMA20 and -15.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.17, with weekly volatility standing at 3.28%. The indicator jumps to 3.65% when calculated based on the past 30 days. Veren Inc (NYSE:VRN)’s beta value is holding at 2.18, while the average true range (ATR) indicator is currently reading 0.23.
An analysis of the Veren Inc (NYSE:VRN) stock in terms of its daily trading volume indicates that the 3-month average is 4.97 million. However, this figure increases on the past 10-day timeline to an average of 9.06 million.
Current records show that the company has 619.93M in outstanding shares. The insiders’ percentage holdings are 2.24% of outstanding shares while the percentage share held by institutions stands at 46.13%. The stats also highlight that short interest as of 2024-10-15, stood at 15.85 million shares, which puts the short ratio at the time at 2.95. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 15.48 million. But the -24.82% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
