Veren Inc. (VRN) Suffers From Weak Fundamental Momentum

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Veren Inc. (NYSE:VRN) has a beta value of 2.16 and has seen 1.55 million shares traded in the recent trading session. The company, currently valued at $3.78B, closed the recent trade at $6.12 per share which meant it lost -$0.19 on the day or -3.07% during that session. The VRN stock price is -51.63% off its 52-week high price of $9.28 and 1.47% above the 52-week low of $6.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.72 million shares traded. The 3-month trading volume is 3.85 million shares.

Veren Inc. (NYSE:VRN) trade information

Sporting -3.07% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VRN stock price touched $6.12 or saw a rise of 6.42%. Year-to-date, Veren Inc. shares have moved -11.75%, while the 5-day performance has seen it change -6.63%. Over the past 30 days, the shares of Veren Inc. (NYSE:VRN) have changed -2.61%. Short interest in the company has seen 14.81 million shares shorted with days to cover at 3.09.

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Veren Inc. (VRN) estimates and forecasts

Figures show that Veren Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -28.38% over the past 6 months, with this year growth rate of -71.03%, compared to -1.40% for the industry. Earnings growth for 2024 is a modest -57.94% while over the next 5 years, the company’s earnings are expected to increase by 5.09%.

VRN Dividends

Veren Inc. is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.33 at a share yield of 5.36%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.05%.

Veren Inc. (NYSE:VRN)’s Major holders

Also the top two Mutual Funds that are holding company’s shares are Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio. As of Jul 31, 2024, the former fund manager holds about 2.49% shares in the company for having 15.34 shares of worth $94.16 million while later fund manager owns 10.43 shares of worth $64.05 million as of Jul 31, 2024, which makes it owner of about 1.69% of company’s outstanding stock.