Veren Inc (NYSE:VRN) price on Thursday, February 06, fall -1.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.09.
A look at the stock’s price movement, the close in the last trading session was $5.18, moving within a range at $5.06 and $5.27. The beta value (5-Year monthly) was 2.669 while the PE ratio in trailing twelve months stood at 3.65. Turning to its 52-week performance, $9.28 and $4.39 were the 52-week high and 52-week low respectively. Overall, VRN moved -4.50% over the past month.
Veren Inc’s market cap currently stands at around $3.13 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 6.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 994.47M for the company’s revenue for the quarter, with a low and high estimate of 907.4M and 1.06B respectively. The average forecast suggests down to a -1.77% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.17B, representing a 1.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRN is a 50% 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.
VRN’s current price about -3.91% and -0.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.25, while 7-day volatility ratio is 4.62% and 3.62% in the 30-day chart. Further, Veren Inc (VRN) has a beta value of 2.11, and an average true range (ATR) of 0.19.
If we refocus on Veren Inc (NYSE:VRN), historical trading data shows that trading volumes averaged 18.28 over the past 10 days and 11.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 616.33 million shares.
The 2.06% of Veren Inc’s shares are in the hands of company insiders while institutional holders own 43.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.97 million on 2025-01-15, giving us a short ratio of 0.92. Current price change has pushed the stock -0.97% 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.
