Veren Inc (NYSE:VRN) traded at $5.19 at close of the session on Tuesday, November 26 and made a downward move of -2.81% on its previous day’s price.
Looking at the stock we see that its previous close was $5.34 and the beta (5Y monthly) reads 2.669 with the day’s price range being $5.17 – $5.3. The company has a trailing 12-month PE ratio of 3.72. In terms of its 52-week price range, VRN has a high of $9.28 and a low of $4.90. The company’s stock has lost about -14.21% over that past 30 days.
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Veren Inc has a market cap of $3.19 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.33 and a yield of 6.32%, the company’s investors could be anxious for the VRN stock to gain ahead of the earnings release.
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 that the PEG ratio for the VRN stock currently stands at 0.73, and the current price level is -1.96% off its SMA20 and -11.94% from its 50-day simple moving average. The RSI (14) is pointing at 38.32 while the volatility over the past week is 2.59% and jumps to 3.88% over the past one month. The beta value is 2.18, while the average true range (ATR) is currently pointing at 0.19.
Coming back to Veren Inc (NYSE:VRN), we note that the average 3-month trading volume was 5.70 million, while that of the preceding 10-day period stands at 5.93 million. Current shares outstanding are 619.93 million.
The insiders hold 2.04% of the company’s shares while institutions hold 45.23%. The data shows that short shares as of 2024-11-15, stood at 15.11 million at a short ratio of 2.68. Shares short fall in November from the previous month at 15.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -25.11% down in year-to-date price movement.
