Veren Inc (NYSE:VRN) does about 20.00M shares in volume on a normal day but saw 17281202 shares change hands in the recent trading day. The company now has a market cap of 4.06B USD. Its current market price is $6.63, marking no change compared to the previous close of $6.63. The 52 week high reached by this stock is $9.28 whilst the lowest price level in 52 weeks is $4.39.
Veren Inc (VRN) has a 20-day trading average at $5.60 and the current price is -28.55% off the 52-week high compared with 50.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.41 and its 200-day simple moving average is $6.20. If we look at the stock’s price movements over the week, volatility stands at 3.26%, which increases to 4.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.89 to suggest the stock is overbought.
The consensus objective for the share price is $7.95, suggesting that the stock has a potential upside of 16.6% over the period.
The current price level is 18.30%, 22.54%, and 6.88% away from its SMA20, SMA50, and SMA200 respectively, with the VRN price moving below the 50-day SMA on current market day. Veren Inc (VRN) stock is up 8.69% over the week and 25.09% over the past month. Its price is 28.99% year-to-date and -16.50% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.6 percent from here.
Outstanding shares total 611.82M with insiders holding 0.66% of the shares and institutional holders owning 46.29% of the company’s common stock. The company has a return on investment of 3.01% and return on equity of 4.07%. The price to earnings ratio (P/E ratio) amounts to 21.07 while the forward price to earnings ratio is 9.16. The beta has a value of 1.49. Price to book ratio is 0.86 and price to sales ratio is 1.40.
