Veren Inc (NYSE:VRN) price on current trading day, fall -4.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.96.
A look at the stock’s price movement, the level at last check in today’s session was $5.17, moving within a range at $4.96 and $5.145. The beta value (5-Year monthly) was 2.669 while the PE ratio in trailing twelve months stood at 3.56. Turning to its 52-week performance, $9.28 and $4.90 were the 52-week high and 52-week low respectively. Overall, VRN moved -7.29% over the past month.
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Veren Inc’s market cap currently stands at around $3.05 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 6.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
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 0.70, with VRN’s current price about -5.33% and -13.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.53, while 7-day volatility ratio is 2.23% and 2.66% in the 30-day chart. Further, Veren Inc (VRN) has a beta value of 2.15, and an average true range (ATR) of 0.17.
If we refocus on Veren Inc (NYSE:VRN), historical trading data shows that trading volumes averaged 5.47 over the past 10 days and 5.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 616.33 million shares.
The 2.04% of Veren Inc’s shares are in the hands of company insiders while institutional holders own 45.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.11 million on 2024-11-15, giving us a short ratio of 2.68. Current price change has pushed the stock -28.43% 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.
