Veren Inc [NYSE: VRN] stock went on a downward path that fall over 0.00% on Friday, amounting to a one-week price increase of more than 1.52%.
Over the last 12 months, VRN stock dropped by -32.09%. The one-year Veren Inc stock forecast points to a potential upside of 24.69. The average equity rating for VRN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.68 billion, with 611.82 million shares outstanding and 599.03 million shares in the current float. Compared to the average trading volume of 24.72M shares, VRN stock reached a trading volume of 28328898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Veren Inc [VRN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRN shares is $7.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Veren Inc shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on October 18, 2024. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price to Buy. The new note on the price target was released on July 21, 2023, representing the official price target for Veren Inc stock.
The Average True Range (ATR) for Veren Inc is set at 0.24, with the Price to Sales ratio for VRN stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for VRN in the course of the last twelve months was 9.81 with Quick ratio for the last quarter at 0.57.
VRN Stock Performance Analysis:
Veren Inc [VRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.52. With this latest performance, VRN shares gained by 2.21% in over the last four-week period, additionally plugging by 13.40% over the last 6 months – not to mention a drop of -32.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRN stock in for the last two-week period is set at 51.74, with the RSI for the last a single of trading hit 53.42, and the three-weeks RSI is set at 51.71 for Veren Inc [VRN]. The present Moving Average for the last 50 days of trading for this stock 5.97, while it was recorded at 5.89 for the last single week of trading, and 5.90 for the last 200 days.
Insight into Veren Inc Fundamentals:
Veren Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 0.57.
VRN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veren Inc go to 31.42%.
Veren Inc [VRN] Institutonal Ownership Details
The top three institutional holders of VRN stocks are: FRANKLIN RESOURCES INC with ownership of 26.27 million shares, which is approximately 4.2457%. VANGUARD GROUP INC, holding 24.08 million shares of the stock with an approximate value of $$189.53 million in VRN stocks shares; and VANGUARD GROUP INC, currently with $$155.85 million in VRN stock with ownership which is approximately 3.1961%.
