Atb Cap Markets Weighs in on Veren Inc.’s FY2024 Earnings (NYSE:VRN)

Veren Inc. (NYSE:VRN) – Stock analysts at Atb Cap Markets decreased their FY2024 earnings per share estimates for Veren in a report released on Wednesday, September 25th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.91 for the year, down from their previous forecast of $0.92. The consensus estimate for Veren’s current full-year earnings is $1.00 per share. Atb Cap Markets also issued estimates for Veren’s Q3 2025 earnings at $0.17 EPS, FY2025 earnings at $0.75 EPS, FY2026 earnings at $0.41 EPS and FY2027 earnings at $0.18 EPS.

Veren (NYSE:VRN) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Veren had a negative net margin of 0.69% and a positive return on equity of 13.50%. The business had revenue of $852.57 million during the quarter, compared to the consensus estimate of $821.00 million.

Separately, Scotiabank dropped their price objective on shares of Veren from $16.00 to $15.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th.

Veren Stock Up 1.3 %

Shares of VRN opened at $6.15 on Friday. The stock has a 50-day moving average price of $6.98. Veren has a 12-month low of $6.03 and a 12-month high of $9.28. The firm has a market cap of $3.80 billion, a PE ratio of -76.38 and a beta of 2.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36.

Institutional Trading of Veren

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lorne Steinberg Wealth Management Inc. bought a new stake in shares of Veren in the 2nd quarter valued at $624,000. Merewether Investment Management LP acquired a new stake in Veren during the 2nd quarter worth about $36,681,000. Magnetar Financial LLC bought a new position in shares of Veren in the 2nd quarter worth about $1,540,000. Easterly Investment Partners LLC acquired a new position in shares of Veren in the 2nd quarter valued at about $3,096,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Veren during the 2nd quarter valued at about $155,853,000. Institutional investors and hedge funds own 49.37% of the company’s stock.

Veren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a $0.0834 dividend. This is a boost from Veren’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, September 13th. This represents a $0.33 annualized dividend and a dividend yield of 5.42%. Veren’s dividend payout ratio is presently -412.50%.

About Veren

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.