Veren Inc. (NYSE:CPG) traded at $8.98 at last check on Tuesday, April 30, made a downward move of -2.76% on its previous day’s price.
Looking at the stock we see that its previous close was $9.23. The company has a trailing 12-month PE ratio of 12.85. In terms of its 52-week price range, CPG has a high of $9.28 and a low of $6.03. The company’s stock has gained about 9.85% over that past 30 days.
Veren Inc. has a market cap of $5.56 billion. With its Forward Dividend at 0.31 and a yield of 3.43%, the company’s investors could be anxious for the CPG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.24, with the EPS growth for the year raised at $1.21 for 2024 and $1.39 for next year. These figures represent 59.20% and 14.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $734.43 million, with a low of $721.88 million and a high of $751.24 million. The median projection represents growth squeezing down to 17.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $3.14 billion, or 34.60% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CPG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the CPG stock currently stands at 1.84, and the most recent price level today is 2.38% off its SMA20 and 11.62% from its 50-day simple moving average. The RSI (14) is pointing at 63.78 while the volatility over the past week is 2.57% and jumps to 2.77% over the past one month. The beta value is 2.19, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Veren Inc. (NYSE:CPG), we note that the average 3-month trading volume was 6.09 million. Current shares outstanding are 619.93 million.
The insiders hold 7.56% of the company’s shares while institutions hold 39.54%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 29.51% up in year-to-date price movement.
