Veren Inc (NYSE:VRN) shares, rose in value, with the stock price up by 0.97% 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 $5.17, falling within a range of $5.1388 and $5.25. 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 -3.87% over the past month.
With the market capitalization of Veren Inc currently standing at about $3.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.33, with its dividend yield at 6.41%.
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 1.06B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 994.47M.
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 50% 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 price of VRN currently trading nearly -0.52% and 1.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.04, while the 7-day volatility ratio is showing 3.56% which for the 30-day chart, stands at 3.56%. Furthermore, Veren Inc (VRN)’s beta value is 2.11, and its average true range (ATR) is 0.18.
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 0.97% in today’s session so far, and over the past year, it shrunk by -19.57%%.
Data on historical trading for Veren Inc (NYSE:VRN) indicates that the trading volumes over the past 10 days have averaged 16.36 and over the past 3 months, they’ve averaged 11.87 million. According to company’s latest data on outstanding shares, there are 616.33 million shares outstanding.
Nearly 2.06% of Veren Inc’s shares belong to company insiders and institutional investors own 43.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.01 million shares as on 2025-01-31, resulting in a short ratio of 0.92. The stock has risen by 1.56% 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.
