In the latest trading session, 0.37 million Veren Inc. (NYSE:VRN) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $6.05 changed hands at -$0.06 or -0.90% at last look, the market valuation stands at $3.74B. VRN’s current price is a discount, trading about -53.39% off its 52-week high of $9.28. The share price had its 52-week low at $5.95, which suggests the last value was 1.65% up since then. When we look at Veren Inc.’s average trading volume, we note the 10-day average is 4.96 million shares, with the 3-month average coming to 4.11 million.
Veren Inc. (NYSE:VRN) trade information
Instantly VRN was in red as seen in intraday trades today. With action -0.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -12.63%, with the 5-day performance at -0.41% in the red. However, in the 30-day time frame, Veren Inc. (NYSE:VRN) is -6.85% down. Looking at the short shares, we see there were 14.81 million shares sold at short interest cover period of 3.09 days.
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Veren Inc. (VRN) estimates and forecasts
Data shows that the Veren Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.58% over the past 6 months, a -72.90% in annual growth rate that is considerably lower than the industry average of -4.10%. Year-over-year growth is forecast to reach 28.70% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 689.05M. 2 analysts are of the opinion that Veren Inc.’s revenue for the current quarter will be 744.41M. The company’s revenue for the corresponding quarters a year ago was 777.86M and 632.45M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.40%. The estimates for the next quarter sales put growth at 17.70%.
The 2024 estimates are for Veren Inc. earnings to decrease by -61.84%, but the outlook for the next 5-year period is at 5.09% per year.
VRN Dividends
Veren Inc. is expected to release its next quarterly earnings report on 2024-Oct-31. The 5.41% annual yield figure for the share gives it an annual dividend of 0.33. It is important to note, however, that the 5.41% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.05 per year.
Veren Inc. (NYSE:VRN)’s Major holders
Among Mutual Funds, the top two as of Jul 31, 2024 were Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio. With 15.34 shares estimated at $92.86 million under it, the former controlled 2.49% of total outstanding shares. On the other hand, DFA International Small Cap Value Portfolio held about 1.69% of the shares, roughly 10.43 shares worth around $63.16 million.
