Should Investors Trust The Upside Potential In Veren Inc. (CPG)?

Veren Inc. (NYSE:CPG) currently has a daily average trading volume of 6.18M but it saw 4446910 shares traded in last market. With a market cap of 5.24B USD, the company’s current market price of $8.45 came falling about -0.71 while comparing to the previous closing price of $8.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.07 and as low as $6.03.

Taking a look at 20-day trading activity of Veren Inc. (CPG) gives us an average price of $8.45, while its current price level is -6.84% below from 52-week high level whereas it is 40.13% 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 $7.69 while that of 200 days or SMA-200 reads an average of $7.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.37% during that period while stretching the period over a month that decreases to 2.56%. 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 57.49 which implies that the stock is in neutral territory.

Over the week, CPG’s stock price is moving -4.74% down while it is 6.42% when we observe its performance for the past one month. Year-to-date it is 21.93% up and over the past year, the stock is showing an upside performance of 8.77%.

Currently, Veren Inc.’s total number of outstanding shares is 619.93M. 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 12.10 while having a 5.69 of forward P/E ratio. Stock’s beta reads 2.19. Stock has a price to book (P/B) ratio of 1.01 while price to sale or P/S ratio amounts to 2.07. Its return on asset (ROA) is 7.67% on average.