Veren Inc. (NYSE:CPG) currently has a daily average trading volume of 5.77M but it saw 8104654 shares traded in last market. With a market cap of 5.46B USD, the company’s current market price of $8.80 came rising about 3.65 while comparing to the previous closing price of $8.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.57 and as low as $6.03.
Taking a look at 20-day trading activity of Veren Inc. (CPG) gives us an average price of $7.90, while its current price level is 2.66% below from 52-week high level whereas it is 45.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.20 while that of 200 days or SMA-200 reads an average of $7.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.15% during that period while stretching the period over a month that decreases to 2.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 83.24 which implies that the stock is in overbought territory.
Over the week, CPG’s stock price is moving 10.83% up while it is 18.28% when we observe its performance for the past one month. Year-to-date it is 26.98% up and over the past year, the stock is showing an upside performance of 25.31%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $1.25 beat the consensus estimate of $0.28 for the same. For CPG, analysts are forecasting an EPS-growth rate of 53.20% for current year and estimate for EPS growth in next year is 19.50%. In next quarter, company is expected to be making quarterly sales of $762.91 million as analysts are expecting the sales for current fiscal year at $3.17 billion and seeing the company making $3.47 billion in sales next year. Moreover, analysts are in estimates of $744.3 million for current-quarter revenue.
Currently, Veren Inc.’s total number of outstanding shares is 619.93M with 0.23% of that held by the insiders while 47.25% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.36% and return on equity (ROE) at 12.80%. It has a price to earnings ratio (P/E ratio) of 12.60 while having a 6.25 of forward P/E ratio. Stock’s beta reads 2.22. Stock has a price to book (P/B) ratio of 1.05 while price to sale or P/S ratio amounts to 2.15. Its return on asset (ROA) is 7.67% on average.
