Veren Inc (NYSE: VRN) is 7.39% higher on its value in year-to-date trading and has touched a low of $4.39 and a high of $9.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRN stock was last observed hovering at around $5.53 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $5.52, the stock is -13.36% and -1.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.31 million and changing -0.18% at the moment leaves the stock -9.96% off its SMA200. VRN registered -37.34% loss for a year compared to 6-month loss of -16.11%. The firm has a 50-day simple moving average (SMA 50) of $5.6318 and a 200-day simple moving average (SMA200) of $6.1304.
The stock witnessed a 12.42% gain in the last 1 month and extending the period to 3 months gives it a 6.36%, and is -16.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 3.91% over the month.
Veren Inc (VRN) has around 746 employees, a market worth around $3.38B and $2.90B in sales. Current P/E ratio is 17.54 and Fwd P/E is 7.62. Profit margin for the company is 6.68%. Distance from 52-week low is 25.60% and -40.51% from its 52-week high. The company has generated returns on investments over the last 12 months (3.01%).
with sales reaching $1.01B over the same period.The EPS is expected to grow by 209.57% this year, but quarterly earnings will post -0.13% year-over-year. Quarterly sales are estimated to shrink -8.52% in year-over-year returns.
Veren Inc (VRN) Top Institutional Holders
264.0 institutions hold shares in Veren Inc (VRN), with institutional investors hold 46.39% of the company’s shares. The shares outstanding are 611.82M, and float is at 599.20M with Short Float at 2.64%. Institutions hold 46.09% of the Float.
The top institutional shareholder in the company is FRANKLIN RESOURCES INC with over 26.27 million shares valued at $207.17 million. The investor’s holdings represent 4.2457% of the VRN Shares outstanding. As of 2024-06-30, the second largest holder is CIBC ASSET MANAGEMENT INC with 19.77 million shares valued at $155.85 million to account for 3.1961 of the shares outstanding. The other top investors are NINEPOINT PARTNERS LP which holds 16.0 million shares representing 2.5863% and valued at over $125.92 million, while CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. holds 1.8123 of the shares totaling 11.21 million with a market value of $88.44 million.
Veren Inc (VRN) Insider Activity
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