In today’s recent session, 4.87 million shares of the Veren Inc (NYSE:VRN) have been traded, and its beta is 1.53. Most recently the company’s share price was $6.88, and it changed around $0.11 or 1.55% from the last close, which brings the market valuation of the company to $4.21B. VRN at last check was trading at a discount to its 52-week high of $9.28, offering almost -34.88% off that amount. The share price’s 52-week low was $4.39, which indicates that the recent value has risen by an impressive 36.19% since then. We note from Veren Inc’s average daily trading volume that its 10-day average is 23.17 million shares, with the 3-month average coming to 20.02 million.
Veren Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.46. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended VRN as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Veren Inc is expected to report earnings per share of 0 for the current quarter.
Veren Inc (NYSE:VRN) trade information
Instantly VRN has been showing a green trend so far today with a performance of 1.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.92 on recent trading dayincreased the stock’s daily price by 0.58%. The company’s shares are currently up 33.75% year-to-date, but still up 4.48% over the last five days. On the other hand, Veren Inc (NYSE:VRN) is 44.43% up in the 30-day period. We can see from the shorts that 15.83 million shares have been sold at a short interest cover period of 0.58 day(s).
Veren Inc (VRN) estimates and forecasts
The year-over-year growth rate is expected to be -0.13%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.01B in revenue for the current quarter. 2 analysts expect Veren Inc to make 1.03B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.11B and 1.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.52%. Forecasts for the next quarter put sales growth at -9.19%.
Veren Inc earnings are expected to increase by 209.57% in 2025, but the outlook is positive 30.46% per year for the next five years.
VRN Dividends
Veren Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26. The annual dividend yield of the stock is 4.78 percent and its annual dividend per share was 0.33. It is important to note, however, that the 4.78% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.48 per year.
Veren Inc (NYSE:VRN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.66% of Veren Inc shares, and 46.29% of them are in the hands of institutional investors. The stock currently has a share float of 46.60%. Veren Inc stock is held by 268.0 institutions, with FRANKLIN RESOURCES INC being the largest institutional investor. By 2024-06-30, it held 4.2457% of the shares, which is about 26.27 million shares worth $207.17 million.
CIBC ASSET MANAGEMENT INC, with 3.1961% or 19.77 million shares worth $155.85 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
FRANKLIN SMALL CAP VALUE FUND and DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO were the top two Mutual Funds as of Oct 31, 2024. The former held 17.31 shares worth $119.18 million, making up 2.83% of all outstanding shares. On the other hand, DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO held roughly 10.48 shares worth around $72.13 million, which represents about 1.71% of the total shares outstanding.
