VRN

Veren Inc

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0.000

-6.01(-100.000%)1D

Overview
Forecast
Valuation
Earnings

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

3.50

Total Shares

612.26M

8.64B

EV/OCF(TTM)

4.09

P/S(TTM)

1.42

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.

6 Analyst Rating

Wall Street analysts forecast VRN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRN is 8.25 USD with a low forecast of 7.00 USD and a high forecast of 9.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

1 Hold

0 Sell

Strong Buy

Current: 0

Low

7.00

Averages

8.25

High

9.80

Current: 0

Low

7.00

Averages

8.25

High

9.80

RBC Capital

Michael Harvey

Buy

Maintains

$12 → $10

2024-11-01

Reason

RBC Capital

Michael Harvey

Price Target

$12 → $10

2024-11-01

Maintains

Buy

Reason

RBC Capital lowered the firm's price target on Veren to C$10 from C$12 and keeps an Outperform rating on the shares.

Raymond James

Luke Davis

Strong Buy

Initiates

$13

2024-10-18

Reason

Raymond James

Luke Davis

Price Target

$13

2024-10-18

Initiates

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Veren Inc (VRN.N) is 6.17, compared to its 5-year average forward P/E of 3.51. For a more detailed relative valuation and DCF analysis to assess Veren Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

3.51

Current PE

6.17

Overvalued PE

13.90

Undervalued PE

-6.88

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

3.28

Current EV/EBITDA

3.22

Overvalued EV/EBITDA

3.77

Undervalued EV/EBITDA

2.80

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.19

Current PS

1.21

Overvalued PS

1.47

Undervalued PS

0.92