Atb Cap Markets Analysts Lower Earnings Estimates for Veren Inc. (NYSE:VRN)

Veren Inc. (NYSE:VRN) – Equities research analysts at Atb Cap Markets reduced their Q4 2024 earnings per share estimates for Veren in a report issued on Wednesday, September 25th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.23 per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for Veren’s current full-year earnings is $1.00 per share. Atb Cap Markets also issued estimates for Veren’s Q4 2025 earnings at $0.18 EPS.

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

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

Veren Stock Performance

Shares of NYSE:VRN opened at $6.15 on Monday. The firm has a 50 day moving average price of $6.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $3.80 billion, a P/E ratio of -76.75 and a beta of 2.16. Veren has a 52 week low of $6.03 and a 52 week high of $9.28.

Hedge Funds Weigh In On Veren

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning acquired a new position in Veren in the 2nd quarter worth $456,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Veren in the second quarter valued at about $103,000. Ninepoint Partners LP bought a new position in shares of Veren during the second quarter worth about $125,920,000. Mackenzie Financial Corp acquired a new stake in Veren in the 2nd quarter valued at approximately $2,638,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Veren in the 2nd quarter valued at approximately $28,162,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Veren Increases Dividend

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

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.