FY2027 Earnings Forecast for Veren Issued By Atb Cap Markets

Veren Inc. (NYSE:VRN) – Stock analysts at Atb Cap Markets decreased their FY2027 earnings per share (EPS) estimates for shares of Veren in a note issued to investors on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.45 for the year, down from their prior estimate of $0.46. The consensus estimate for Veren’s current full-year earnings is $0.94 per share.

Veren Stock Performance

Shares of Veren stock opened at $5.99 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $5.28 and a two-hundred day moving average price of $5.61. Veren has a 1-year low of $4.40 and a 1-year high of $9.02. The company has a market cap of $3.66 billion, a P/E ratio of 4.28 and a beta of 2.08.

Veren Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.32%. Veren’s payout ratio is currently 100.00%.

Institutional Trading of Veren

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in Veren by 80.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company’s stock worth $31,000 after acquiring an additional 2,655 shares during the period. State of Wyoming boosted its position in shares of Veren by 44.7% during the 4th quarter. State of Wyoming now owns 10,736 shares of the company’s stock worth $55,000 after purchasing an additional 3,319 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Veren by 33.1% during the 4th quarter. Vise Technologies Inc. now owns 13,722 shares of the company’s stock worth $71,000 after purchasing an additional 3,412 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Veren by 4.8% during the 4th quarter. Alliancebernstein L.P. now owns 101,460 shares of the company’s stock worth $522,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its position in shares of Veren by 28.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 27,462 shares of the company’s stock worth $141,000 after purchasing an additional 6,088 shares in the last quarter. 49.37% of the stock is currently owned by institutional investors and hedge funds.

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.