Veren Inc. (NYSE: VRN) Has Succeeded To Excite In 2024, The Stock Is Down -9.67% Year-To-Date

Veren Inc. (NYSE:VRN)’s traded shares stood at 6.32 million during the last session, with the company’s beta value hitting 2.16. At the close of trading, the stock’s price was $6.26, to imply an increase of 1.95% or $0.12 in intraday trading. The VRN share’s 52-week high remains $9.28, putting it -48.24% down since that peak but still an impressive 4.95% since price per share fell to its 52-week low of $5.95. The company has a valuation of $3.87B, with an average of 4.73 million shares in intraday trading volume over the past 10 days and average of 4.17 million shares over the past 3 months.

Veren Inc. (NYSE:VRN) trade information

After registering a 1.95% upside in the last session, Veren Inc. (VRN) has traded red over the past five days. The 5-day price performance for the stock is 3.81%, and 3.13% over 30 days. With these gigs, the year-to-date price performance is -9.67%. Short interest in Veren Inc. (NYSE:VRN) saw shorts transact 14.81 million shares and set a 3.09 days time to cover.

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Veren Inc. (VRN) estimates and forecasts

Looking at statistics comparing Veren Inc. share performance against respective industry, we note that the company has underperformed competitors. Veren Inc. (VRN) shares are -30.98% down over the last 6 months, with its year-to-date growth rate lower than industry average at -72.90% against -4.20%. Revenue is forecast to grow 119.50% this quarter before falling -81.50% for the next one. The rating firms project that company’s revenue will grow 28.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 686.39M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 741.53M.Earnings reports from the last fiscal year show that sales brought in 777.86M and 632.45M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.80% before jumping 17.20% in the following quarter.

VRN Dividends

Veren Inc. has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Veren Inc. has a forward dividend ratio of 0.33, with the share yield ticking at 5.24% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.05%.

We also have Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio as the top two Mutual Funds with the largest holdings of the Veren Inc. (VRN) shares. Going by data provided on Jul 31, 2024 , Franklin Value Investors Trust-Franklin Small Cap Value holds roughly 15.34 shares. This is just over 2.49% of the total shares, with a market valuation of $96.01 million. Data from the same date shows that the other fund manager holds a little less at 10.43, or 1.69% of the shares, all valued at about 65.3 million.