Veren Inc (NYSE:VRN) price on current trading day, fall -1.49% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.53.
A look at the stock’s price movement, the level at last check in today’s session was $6.63, moving within a range at $6.515 and $6.64. The beta value (5-Year monthly) was 2.603 while the PE ratio in trailing twelve months stood at 20.75. Turning to its 52-week performance, $9.28 and $4.39 were the 52-week high and 52-week low respectively. Overall, VRN moved 23.23% over the past month.
Veren Inc’s market cap currently stands at around $4.00 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 5.04%. 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 1.01B for the company’s revenue for the quarter, with a low and high estimate of 963M and 1.06B respectively. The average forecast suggests down to a -8.52% 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 4.27B, representing a -0.13% decline 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% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.68, with VRN’s current price about 16.64% and 20.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.49, while 7-day volatility ratio is 3.41% and 4.79% in the 30-day chart. Further, Veren Inc (VRN) has a beta value of 1.49, and an average true range (ATR) of 0.25.
If we refocus on Veren Inc (NYSE:VRN), historical trading data shows that trading volumes averaged 31.56 over the past 10 days and 20.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 611.82 million shares.
The 2.06% of Veren Inc’s shares are in the hands of company insiders while institutional holders own 40.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.63 million on 2025-02-28, giving us a short ratio of 0.87. Current price change has pushed the stock 27.07% 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.
