The trading price of Veren Inc (NYSE:VRN) closed higher on Tuesday, January 21, and closing at $5.48, 0.55% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.3301 and $5.56. The company’s P/E ratio in the trailing 12-month period was 3.93, 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 $4.39. Over the past month, the stock has gained 17.85% in value.
Veren Inc, whose market valuation is $3.37 billion at the time of this writing, is expected to release its quarterly earnings report in February. The dividend yield on the company stock is 6.10%, while its Forward Dividend ratio is 0.33. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest VRN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that VRN’s price is currently 5.62% off the SMA20 and 6.22% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.94, and weekly volatility stands at 3.15%. When measured over the past 30 days, the indicator reaches 3.68%. Veren Inc (NYSE:VRN)’s beta value is currently sitting at 2.12, while the Average True Range indicator is currently displaying 0.18.
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 0.55% in the latest trading, and -13.84% in the past year. Veren Inc has a P/E ratio of 3.93.
An evaluation of the daily trading volume of Veren Inc (NYSE:VRN) indicates that the 3-month average is 9.27 million. However, this figure has increased over the past 10 days to an average of 15.88.
Currently, records show that 616.33 million of the company’s shares remain outstanding. The insiders hold 2.06% of outstanding shares, whereas institutions hold 45.10%. The stats also highlight that short interest as of 2024-12-31, stood at 13.56 million shares, resulting in a short ratio of 2.63 at that time. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 17.28 million. However, since the stock’s price has seen 6.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
