In the last trading session, 23.51 million Veren Inc (NYSE:VRN) shares changed hands as the company’s beta touched 1.52. With the company’s per share price at $6.40 changed hands at $0.1 or 1.59% during last session, the market valuation stood at $3.92B. VRN’s last price was a discount, traded about -45.0% off its 52-week high of $9.28. The share price had its 52-week low at $4.39, which suggests the last value was 31.41% up since then. When we look at Veren Inc’s average trading volume, we note the 10-day average is 31.37 million shares, with the 3-month average coming to 19.33 million.
Veren Inc (NYSE:VRN) trade information
Instantly VRN was in green as seen at the end of in last trading. With action 9.22%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 24.51%, with the 5-day performance at 9.22% in the green. However, in the 30-day time frame, Veren Inc (NYSE:VRN) is 21.90% up. Looking at the short shares, we see there were 11.63 million shares sold at short interest cover period of 0.87 days.
Veren Inc (VRN) estimates and forecasts
Year-over-year growth is forecast to reach -0.13% down 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 1.01B. 2 analysts are of the opinion that Veren Inc’s revenue for the current quarter will be 1.03B. The company’s revenue for the corresponding quarters a year ago was 1.11B and 1.14B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.52%. The estimates for the next quarter sales put growth at -9.19%.
The 2025 estimates are for Veren Inc earnings to increase by 216.59%, but the outlook for the next 5-year period is at 30.46% per year.
VRN Dividends
Veren Inc is expected to release its next quarterly earnings report on 2025-Feb-26. The 5.14% annual yield figure for the share gives it an annual dividend of 0.33. It is important to note, however, that the 5.14% 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 2.48 per year.
Veren Inc (NYSE:VRN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.66% of Veren Inc shares while 46.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.60%. There are 46.29% institutions holding the Veren Inc stock share, with FRANKLIN RESOURCES INC the top institutional holder. As of 2024-06-30, the company held 4.2457% of the shares, roughly 26.27 million VRN shares worth $207.17 million.
CIBC ASSET MANAGEMENT INC holds the second largest percentage of outstanding shares, with 3.1961% or 19.77 million shares worth $155.85 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Franklin Value Investors Trust-Franklin Small Cap Value and DFA International Small Cap Value Portfolio . With 17.31 shares estimated at $110.79 million under it, the former controlled 2.83% of total outstanding shares. On the other hand, DFA International Small Cap Value Portfolio held about 1.71% of the shares, roughly 10.48 shares worth around $67.05 million.
