Q4 Earnings Forecast for Veren Issued By Atb Cap Markets

Veren Inc. (NYSE:VRN) – Stock analysts at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Veren in a research report issued to clients and investors on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Veren’s current full-year earnings is $0.97 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.

Veren (NYSE:VRN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Veren had a net margin of 26.93% and a return on equity of 12.23%. The business had revenue of $813.63 million during the quarter, compared to analyst estimates of $738.93 million. During the same quarter last year, the company posted $0.31 earnings per share.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reduced their price target on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Raymond James assumed 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

Shares of NYSE:VRN opened at $5.37 on Friday. Veren has a 12-month low of $4.39 and a 12-month high of $9.28. The company’s 50 day moving average price is $5.16 and its two-hundred day moving average price is $6.16. The firm has a market cap of $3.28 billion, a PE ratio of 3.83 and a beta of 2.13. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Sunday, December 15th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 6.34%. This is a boost from Veren’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, December 13th. Veren’s dividend payout ratio (DPR) is 22.86%.

Institutional Investors Weigh In On Veren

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in shares of Veren during the 2nd quarter worth $42,000. Olympiad Research LP grew its position in Veren by 36.2% in the third 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 last quarter. Blue Trust Inc. raised its stake in Veren by 56.3% during the fourth quarter. Blue Trust Inc. now owns 26,416 shares of the company’s stock worth $136,000 after acquiring an additional 9,520 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Veren during the fourth quarter worth about $59,000. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Veren in the third quarter worth about $79,000. 49.37% of the stock is currently owned by institutional investors.

Veren Company Profile

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.