Veren Inc (NYSE:VRN) price on Thursday, November 14, rose 3.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.30.
A look at the stock’s price movement, the close in the last trading session was $5.14, moving within a range at $5.18 and $5.31. The beta value (5-Year monthly) was 2.669 while the PE ratio in trailing twelve months stood at 3.80. Turning to its 52-week performance, $9.28 and $4.90 were the 52-week high and 52-week low respectively. Overall, VRN moved -12.83% over the past month.
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Veren Inc’s market cap currently stands at around $4.57 billion, with investors looking forward to this quarter’s earnings report slated for in December. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 6.19%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1B for the company’s revenue for the quarter, with a low and high estimate of 907.4M and 1.09B respectively. The average forecast suggests down to a -0.88% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.17B, representing a 1.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.75, with VRN’s current price about -5.35% and -12.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.16, while 7-day volatility ratio is 2.95% and 3.78% in the 30-day chart. Further, Veren Inc (VRN) has a beta value of 2.17, and an average true range (ATR) of 0.22.
If we refocus on Veren Inc (NYSE:VRN), historical trading data shows that trading volumes averaged 8.43 over the past 10 days and 5.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 619.93 million shares.
The 2.25% of Veren Inc’s shares are in the hands of company insiders while institutional holders own 45.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.85 million on 2024-10-31, giving us a short ratio of 2.68. Current price change has pushed the stock -23.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRN stock continues to rise going into the next quarter.
