Veren Inc. (NYSE:VRN – Free Report) – Equities researchers at Atb Cap Markets reduced their Q4 2024 earnings estimates for Veren in a research report issued on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.23. The consensus estimate for Veren’s current full-year earnings is $0.96 per share. Atb Cap Markets also issued estimates for Veren’s Q4 2025 earnings at $0.21 EPS, FY2026 earnings at $0.63 EPS and FY2027 earnings at $0.40 EPS.
A number of other research analysts have also weighed in on VRN. Raymond James started coverage on shares of Veren in a research note on Friday, October 18th. They issued a “strong-buy” rating and a $13.00 price target on the stock. Royal Bank of Canada decreased their target price on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.
Veren Stock Down 1.5 %
Shares of NYSE VRN opened at $5.28 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 3.77 and a beta of 2.13. The company’s 50-day simple moving average is $5.17 and its 200-day simple moving average is $6.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren has a 52-week low of $4.39 and a 52-week high of $9.28.
Veren (NYSE:VRN – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The company had revenue of $813.63 million during the quarter, compared to analyst estimates of $738.93 million. Veren had a net margin of 26.93% and a return on equity of 12.23%. During the same period in the prior year, the business posted $0.31 EPS.
Veren Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Sunday, December 15th were given a dividend of $0.085 per share. The ex-dividend date was Friday, December 13th. This is a positive change from Veren’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 6.44%. Veren’s payout ratio is presently 23.57%.
Hedge Funds Weigh In On Veren
A number of institutional investors have recently added to or reduced their stakes in VRN. EverSource Wealth Advisors LLC acquired a new position in Veren in the 2nd quarter valued at about $42,000. Arkadios Wealth Advisors acquired a new position in Veren in the fourth quarter valued at approximately $59,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Veren in the third quarter worth approximately $79,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Veren during the second quarter worth $103,000. Finally, Evergreen Capital Management LLC purchased a new stake in Veren in the second quarter valued at $112,000. Hedge funds and other institutional investors own 49.37% of the company’s stock.
About Veren
Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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