Veren (NYSE:VRN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.08, Zacks reports. The firm had revenue of $802.48 million for the quarter, compared to analysts' expectations of $994.47 million. Veren had a return on equity of 12.23% and a net margin of 26.93%.
Veren Stock Performance
Shares of NYSE:VRN traded down $0.57 during trading on Monday, reaching $4.88. 34,124,437 shares of the company's stock traded hands, compared to its average volume of 18,017,742. The stock has a market capitalization of $2.99 billion, a P/E ratio of 3.49 and a beta of 2.10. Veren has a 12 month low of $4.39 and a 12 month high of $9.28. The company has a 50 day moving average of $5.22 and a 200-day moving average of $5.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88.
Veren Cuts Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.53%. Veren's payout ratio is currently 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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