Veren Inc. (NYSE:VRN - Free Report) - Stock analysts at Atb Cap Markets cut their FY2027 earnings estimates for shares of Veren in a research note issued to investors on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now expects 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 Up 4.0 %
Shares of Veren stock opened at $6.10 on Thursday. The firm's 50 day moving average price is $5.27 and its 200-day moving average price is $5.60. 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 has a 52-week low of $4.40 and a 52-week high of $9.02. The company has a market cap of $3.73 billion, a P/E ratio of 4.35 and a beta of 2.08.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of VRN. EverSource Wealth Advisors LLC grew its position in shares of Veren by 80.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,951 shares of the company's stock worth $31,000 after buying an additional 2,655 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Veren during the 4th quarter worth approximately $54,000. State of Wyoming grew its position in 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 during the last quarter. Nebula Research & Development LLC purchased a new stake in Veren during the 4th quarter worth approximately $56,000. Finally, Arkadios Wealth Advisors purchased a new stake in Veren during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 49.37% of the company's stock.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be given a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, March 14th. Veren's payout ratio is currently 100.00%.
About Veren
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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.
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