Atb Cap Markets Has Pessimistic View of Veren Q4 Earnings

Veren Inc. (NYSE:VRN - Free Report) - Investment analysts at Atb Cap Markets lowered their Q4 2024 earnings estimates for Veren in a research note issued on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.20 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.

VRN has been the subject of several other reports. Royal Bank of Canada cut their target price on shares of Veren from $12.00 to $10.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Raymond James started coverage on Veren in a report on Friday, October 18th. They set a "strong-buy" rating and a $13.00 target price on the stock.

Veren Stock Performance

NYSE VRN traded down $0.08 on Friday, hitting $5.28. 17,829,869 shares of the stock were exchanged, compared to its average volume of 15,666,056. The company has a market capitalization of $3.23 billion, a PE ratio of 3.77 and a beta of 2.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The business's fifty day moving average is $5.17 and its 200 day moving average is $6.14. 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 earnings results on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Veren had a return on equity of 12.23% and a net margin of 26.93%. The company had revenue of $813.63 million for the quarter, compared to the consensus estimate of $738.93 million. During the same quarter in the previous year, the company posted $0.31 EPS.

Hedge Funds Weigh In On Veren

A number of hedge funds have recently bought and sold shares of VRN. EverSource Wealth Advisors LLC bought a new stake in shares of Veren in the second quarter valued at approximately $42,000. Olympiad Research LP lifted its position in shares of Veren by 36.2% during the 3rd quarter. Olympiad Research LP now owns 29,088 shares of the company's stock valued at $179,000 after acquiring an additional 7,724 shares during the period. Blue Trust Inc. grew its holdings in shares of Veren by 56.3% during the 4th quarter. Blue Trust Inc. now owns 26,416 shares of the company's stock worth $136,000 after purchasing an additional 9,520 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Veren in the fourth quarter worth $59,000. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Veren during the third quarter worth about $79,000. 49.37% of the stock is owned by institutional investors.

Veren Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date was Friday, December 13th. This is a boost from Veren's previous quarterly dividend of $0.08. Veren's payout ratio is presently 23.57%.

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.