Veren Inc (NYSE:VRN) shares, rose in value on Friday, January 03, with the stock price down by -0.85% to the previous day’s close as strong demand from buyers drove the stock to $5.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.27, falling within a range of $5.205 and $5.32. The value of beta (5-year monthly) is 2.669 whereas the PE ratio is 3.75 over 12-month period. Referring to stock’s 52-week performance, its high was $9.28, and the low was $4.39. On the whole, VRN has fluctuated by -0.29% over the past month.
With the market capitalization of Veren Inc currently standing at about $3.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.33, with its dividend yield at 6.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.17B, with a low estimate of 907.4M and a high estimate of 1.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VRN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 75% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.74, with the price of VRN currently trading nearly 6.54% and 0.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.31, while the 7-day volatility ratio is showing 2.97% which for the 30-day chart, stands at 3.37%. Furthermore, Veren Inc (VRN)’s beta value is 2.12, and its average true range (ATR) is 0.17.
A comparison of Veren Inc (VRN) with its peers suggests the former has fared considerably weaker in the market. VRN showed an intraday change of -0.85% in today’s session so far, and over the past year, it shrunk by -25.68%%.
Data on historical trading for Veren Inc (NYSE:VRN) indicates that the trading volumes over the past 10 days have averaged 11.78 and over the past 3 months, they’ve averaged 7.53 million. According to company’s latest data on outstanding shares, there are 616.33 million shares outstanding.
Nearly 2.05% of Veren Inc’s shares belong to company insiders and institutional investors own 45.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.93 million shares as on 2024-12-13, resulting in a short ratio of 2.63. The stock has risen by 1.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VRN stock heading into the next quarter.
