Atb Cap Markets Estimates Veren’s FY2024 Earnings (NYSE:VRN)

Veren Inc. (NYSE:VRN) – Equities researchers at Atb Cap Markets lowered their FY2024 EPS estimates for shares of Veren in a report issued on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.90 per share for the year, down from their prior estimate of $0.94. The consensus estimate for Veren’s current full-year earnings is $0.96 per share. Atb Cap Markets also issued estimates for Veren’s Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS and FY2025 earnings at $0.77 EPS.

VRN has been the topic of a number of other reports. Raymond James began coverage on Veren in a research report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 target price on the stock. Royal Bank of Canada lowered their price target 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 1.4 %

Veren stock opened at $5.20 on Monday. Veren has a 52 week low of $4.39 and a 52 week high of $9.28. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 3.71 and a beta of 2.13. The business’s 50-day moving average price is $5.17 and its 200 day moving average price is $6.11. 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 (NYSE:VRN) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Veren had a return on equity of 12.23% and a net margin of 26.93%. The business had revenue of $813.63 million during the quarter, compared to analyst estimates of $738.93 million. During the same quarter in the previous year, the company earned $0.31 EPS.

Institutional Trading of Veren

A number of hedge funds and other institutional investors have recently modified their holdings of VRN. EverSource Wealth Advisors LLC acquired a new position in shares of Veren in the second quarter valued at approximately $42,000. Arkadios Wealth Advisors acquired a new stake in shares of Veren in the fourth quarter valued at $59,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Veren in the third quarter valued at $79,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Veren during the 2nd quarter worth $103,000. Finally, Canoe Financial LP purchased a new stake in Veren during the 4th quarter worth about $103,000. 49.37% of the stock is owned by institutional investors and hedge funds.

Veren Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Sunday, December 15th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 6.54%. This is a positive change from Veren’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 13th. Veren’s dividend payout ratio is presently 22.86%.

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.