Atb Cap Markets Comments on Veren’s Q1 Earnings (NYSE:VRN)

Veren Inc. (NYSE:VRN) – Investment analysts at Atb Cap Markets boosted their Q1 2025 earnings estimates for shares of Veren in a report released on Friday, November 1st. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.20. The consensus estimate for Veren’s current full-year earnings is $0.97 per share. Atb Cap Markets also issued estimates for Veren’s Q2 2025 earnings at $0.24 EPS.

A number of other equities research analysts also recently issued reports on VRN. Raymond James initiated coverage on Veren in a research report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 price target on the stock. Scotiabank reduced their target price on Veren from $16.00 to $15.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Royal Bank of Canada dropped their price target on Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Veren Trading Up 3.3 %

Shares of VRN opened at $5.30 on Monday. 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 has a 12 month low of $4.90 and a 12 month high of $9.28. The stock’s 50 day simple moving average is $6.30. The company has a market capitalization of $3.27 billion, a PE ratio of 3.79 and a beta of 2.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc acquired a new position in shares of Veren during the second quarter worth $155,853,000. Ninepoint Partners LP bought a new stake in Veren during the 2nd quarter worth $125,920,000. Bank of Montreal Can acquired a new position in Veren in the 2nd quarter valued at approximately $105,665,000. Dimensional Fund Advisors LP bought a new stake in shares of Veren in the 2nd quarter valued at about $79,409,000. Finally, Millennium Management LLC acquired a new position in shares of Veren in the second quarter worth approximately $74,306,000. Institutional investors own 49.37% of the company’s stock.

Veren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, December 13th. This is a boost from Veren’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 6.42%. Veren’s dividend payout ratio is presently 24.29%.

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.