Stock Price & Analysis

Analysis and Insights

Technical Analysis:

VRN's stock has shown strong upward momentum recently, with a 24.24% increase following a merger announcement. The stock is currently trading near its daily high, indicating positive market sentiment.

Fundamental Analysis:

The merger with Whitecap Resources positions VRN as a leading producer in the Alberta Montney and Duvernay plays, which is strategically beneficial. However, integration risks and potential shareholder dilution from the all-share transaction should be considered.

Valuation and Sentiment:

VRN's valuation appears attractive, with a dividend yield of 7.85%. Recent analyst upgrades, including a raised price target to C$13, suggest confidence in the stock's potential.

Conclusion:

While VRN's recent performance and merger news are positive, the stock's technical indicators suggest overbought conditions. It may be prudent to wait for a pullback or further clarity on the merger's impact before making a decision.

{RATING:symbol=VRN.N, type=0}

The price prediction for VRN stock in 2025 is expected to range between $6.67 and $7.32, driven by its recent merger deal with Whitecap Resources. The stock may face resistance at higher levels due to technical indicators showing overbought conditions.

The S1 support level for VRN Stock is $6.02 ,The R1 resistant level for VRN Stock is $6.74.

As of the end of day on 2025-03-26, the price of VRN Stock was $6.87.

The target price for VRN Stock according to analyst rating is 8.03, with the highest price target at 9.08 and the lowest at 6.99. Analysts have a Strong Buy rating on VRN Stock overall.

The market cap of VRN is $4.1B.

Analysis and Insights

To determine whether VRN is overvalued, we analyze its financial metrics, recent performance, and market sentiment.

Valuation Metrics:

VRN's current valuation metrics are as follows:

• P/E Ratio: 16.07 (Q4 2024)
• EV/EBITDA: 3.07 (Q4 2024)
• Dividend Yield: 6.22% (Q4 2024)

These metrics suggest that VRN is trading at a reasonable valuation compared to industry averages.

Recent Performance:

VRN's stock rose 24.24% following a merger deal with Whitecap Resources, indicating positive market sentiment. The stock is currently trading at $6.77, with a 1.35% increase in regular market hours.

Dividend Yield:

The high dividend yield of 6.22% makes VRN attractive for income-focused investors, though the stock may be priced near its fair value post-merger news.

Conclusion:

VRN appears fairly valued with strong dividend yield, but may not be significantly overvalued.

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

By 2030, VRN stock could reach $15 to $20. This prediction is based on the recent analyst price target upgrade to C$13 (approximately USD $9.85) and the company's growth potential in its sector.

VRN has a total of 777 employees.