The trading price of Veren Inc (NYSE:VRN) closed lower on current market day and closing at $5.25, -0.94% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.19 and $5.3. The company’s P/E ratio in the trailing 12-month period was 3.77, while its 5Y monthly beta was 2.669. In examining the 52-week price action we see that the stock hit a 52-week high of $9.28 and a 52-week low of $4.90. Over the past month, the stock has lost -12.50% in value.
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Veren Inc, whose market valuation is $4.52 billion at the time of this writing, is expected to release its quarterly earnings report in December. The dividend yield on the company stock is 6.24%, while its Forward Dividend ratio is 0.33. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.29 per share this quarter, however they have predicted annual earnings per share of 1.42 for current year and 1.05 for next year.
Analysts have forecast the company to bring in revenue of 1B for the current quarter, with the likely lows of 907.4M and highs of 1.09B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 4.17B.
On the technical side, indicators suggest VRN has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.74, which symbolizes a positive outlook. A quick review shows that VRN’s price is currently -4.19% off the SMA20 and -12.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.65, and weekly volatility stands at 2.72%. When measured over the past 30 days, the indicator reaches 3.82%. Veren Inc (NYSE:VRN)’s beta value is currently sitting at 2.19, while the Average True Range indicator is currently displaying 0.20.
To see how Veren Inc stock has been performing in comparison to its peers in the industry, here are the numbers: VRN stock’s performance was -0.94% in the latest trading, and -25.64% in the past year. Veren Inc has a P/E ratio of 3.77.
An evaluation of the daily trading volume of Veren Inc (NYSE:VRN) indicates that the 3-month average is 5.40 million. However, this figure has increased over the past 10 days to an average of 7.13.
Currently, records show that 619.93 million of the company’s shares remain outstanding. The insiders hold 2.04% of outstanding shares, whereas institutions hold 45.13%. The stats also highlight that short interest as of 2024-10-31, stood at 15.85 million shares, resulting in a short ratio of 2.68 at that time. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 14.81 million. However, since the stock’s price has seen -24.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
