Veren's Shares Fall After Reporting Lower Q3 Results

MT Newswires Live
31 Oct 2024

Veren's (VRN) shares fell nearly 14% in recent trading after reporting Q3 adjusted earnings Thursday of 0.29 Canadian dollar ($0.21) per share, down from CA$0.59 a year earlier.

A single analyst polled by Capital IQ expected CA$0.35.

Oil and gas sales for the quarter ended Sept. 30 were CA$992.9 million, down from CA$998.7 million a year earlier.

Three analysts surveyed by Capital IQ expected CA$1 billion.

Price: 5.20, Change: -0.84, Percent Change: -13.85

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10