Veren (NYSE:VRN - Get Free Report) released its earnings results on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08, Zacks reports. Veren had a return on equity of 12.23% and a net margin of 26.93%. The company had revenue of $802.48 million during the quarter, compared to analyst estimates of $994.47 million.
Veren Stock Performance
NYSE VRN traded down $0.57 on Monday, hitting $4.88. 34,124,437 shares of the stock traded hands, compared to its average volume of 18,017,742. The business's fifty day moving average is $5.22 and its two-hundred day moving average is $5.69. Veren has a 12 month low of $4.39 and a 12 month high of $9.28. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 3.49 and a beta of 2.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88.
Veren Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.0797 per share. This represents a $0.32 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Friday, March 14th. Veren's dividend payout ratio (DPR) is 100.00%.
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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