Veren Inc. (NYSE:VRN - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,240,000 shares, a growth of 39.6% from the February 13th total of 11,630,000 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 17,170,000 shares, the short-interest ratio is presently 0.9 days.
Veren Trading Up 1.0 %
VRN stock traded up $0.07 during midday trading on Thursday, hitting $6.65. The stock had a trading volume of 26,052,554 shares, compared to its average volume of 8,691,221. Veren has a 12-month low of $4.40 and a 12-month high of $9.02. The company's 50-day moving average price is $5.39 and its 200 day moving average price is $5.58. 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 firm has a market cap of $4.07 billion, a PE ratio of 4.75 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 $0.0797 dividend. This represents a $0.32 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, March 14th. Veren's dividend payout ratio (DPR) is 100.00%.
Institutional Investors Weigh In On Veren
A number of institutional investors have recently bought and sold shares of the stock. Versor Investments LP acquired a new stake in shares of Veren during the 3rd quarter worth $354,000. PCJ Investment Counsel Ltd. lifted its stake in shares of Veren by 36.1% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 101,610 shares of the company's stock valued at $626,000 after purchasing an additional 26,940 shares in the last quarter. Foundry Partners LLC acquired a new stake in Veren during the 3rd quarter worth approximately $6,734,000. Charles Schwab Investment Management Inc. raised its holdings in Veren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,860,312 shares of the company's stock valued at $11,470,000 after buying an additional 50,997 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Veren during the third quarter valued at approximately $1,065,000. 49.37% of the stock is currently owned by hedge funds and other institutional investors.
Veren Company Profile
(
Get Free Report)
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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