How Is The Veren Inc (NYSE: VRN) Performance Outlook For The Coming Months?

Veren Inc (NYSE:VRN) has a beta value of 2.20 and has seen 12.07 million shares traded in the last trading session. The company, currently valued at $4.25B, closed the last trade at $5.13 per share which meant it gained $0.16 on the day or 3.22% during that session. The VRN stock price is -80.9% off its 52-week high price of $9.28 and 4.48% above the 52-week low of $4.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.11 million shares traded. The 3-month trading volume is 4.56 million shares.

Veren Inc (NYSE:VRN) trade information

Sporting 3.22% in the green in last session, 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 $5.13 or saw a rise of 15.63%. Year-to-date, Veren Inc shares have moved -25.97%, while the 5-day performance has seen it change -15.21%. Over the past 30 days, the shares of Veren Inc (NYSE:VRN) have changed -22.51%. Short interest in the company has seen 15.85 million shares shorted with days to cover at 2.95.

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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 -41.84% over the past 6 months, with this year growth rate of -68.22%, compared to -4.90% for the industry. Revenue growth from the last financial year stood is estimated to be 26.60%.

2 analysts offering their estimates for the company have set an average revenue estimate of 738.03M for the current quarter. 1 have an estimated revenue figure of 762.93M for the next ending quarter. Year-ago sales stood 632.45M and 584.45M respectively for this quarter and the next, and analysts expect sales will grow by 16.70% for the current quarter and 26.60% for the next.

Earnings growth for 2024 is a modest -56.02% 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 2025-Feb-27 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 6.39%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.12%.