Research Analysts Set Expectations for Veren Inc.’s Q3 2024 Earnings (NYSE:VRN)

Veren Inc. (NYSE:VRN) – Research analysts at Atb Cap Markets cut their Q3 2024 EPS estimates for shares of Veren in a research report issued to clients and investors on Sunday, June 16th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.19. The consensus estimate for Veren’s current full-year earnings is $0.60 per share. Atb Cap Markets also issued estimates for Veren’s FY2024 earnings at $0.15 EPS.

Veren Price Performance

VRN opened at $7.44 on Tuesday. Veren has a 12-month low of $6.03 and a 12-month high of $9.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -92.99 and a beta of 2.14.

Veren (NYSE:VRN) last released its earnings results on Friday, May 10th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Veren had a negative net margin of 1.95% and a positive return on equity of 12.89%. The company had revenue of $821.82 million during the quarter, compared to analysts’ expectations of $779.78 million.

Veren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Saturday, June 15th will be given a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Friday, June 14th. Veren’s dividend payout ratio is presently -412.45%.

Veren Company Profile

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.