Previous close | 38.48 |
Open | 38.57 |
Bid | 38.25 x 1300 |
Ask | 38.54 x 1800 |
Day's range | 38.05 - 38.67 |
52-week range | 29.45 - 41.50 |
Volume | |
Avg. volume | 4,834,998 |
Market cap | 49.518B |
Beta (5Y monthly) | 1.51 |
PE ratio (TTM) | 8.79 |
EPS (TTM) | 4.38 |
Earnings date | 06 Aug 2024 |
Forward dividend & yield | 1.60 (4.15%) |
Ex-dividend date | 04 Jun 2024 |
1y target est | 43.67 |
Veren (VRN) delivered earnings and revenue surprises of 0% and 3.85%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
"Rising concerns over spreading Canada wildfires have not materialized into severe production disruptions yet, with our Canada production nowcast increasing in July, in line with our expectations," the bank said in a note. However, the worst of the wildfire season is likely yet to come, and a third of Alberta wildfires are burning out of control, threatening 0.4 million barrels per day of oilsands production, Goldman Sachs noted. Meanwhile, "as the oil market looked through rising tensions between Israel and Yemen and Biden's exit from the election race, the risk premium remains nearly zero and the average July Brent price is at our inventory-based $85/bbl forecast," analysts at Goldman Sachs said in a note.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.