FY2027 Earnings Estimate for Veren Issued By Atb Cap Markets

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

Veren Stock Performance

Shares of NYSE VRN opened at $6.10 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. Veren has a 12 month low of $4.40 and a 12 month high of $9.02. The company has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $5.60. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 4.35 and a beta of 2.08.

Veren Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Friday, March 14th. Veren’s payout ratio is 100.00%.

Institutional Trading of Veren

Several institutional investors and hedge funds have recently bought and sold shares of VRN. HITE Hedge Asset Management LLC acquired a new stake in Veren during the 3rd quarter valued at approximately $65,155,000. Ninepoint Partners LP lifted its stake in shares of Veren by 16.6% in the 4th quarter. Ninepoint Partners LP now owns 21,100,000 shares of the company’s stock valued at $108,454,000 after purchasing an additional 3,000,000 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Veren in the 4th quarter valued at $12,492,000. Bornite Capital Management LP acquired a new position in shares of Veren in the 4th quarter valued at $10,280,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Veren in the 4th quarter valued at $10,269,000. 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.