Veren (VRN) Stock Price, News & Analysis

Company Overview

Veren Inc. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota. The company was formerly known as Crescent Point Energy Corp. and changed its name to Veren Inc. in May 2024. Veren Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: $4.52 to $4.67
• 50-Day Range: $4.65 to $6.48
• 52-Week Range: $4.51 to $9.28
• Volume: 11.94 million shs
• Average Volume: 4.87 million shs
• Market Capitalization: $2.86 billion
• P/E Ratio: 3.32
• Dividend Yield: 7.32%
• Price Target: $12.67
• Consensus Rating: Buy

Veren Stock Analysis - MarketRank™

Veren scored higher than 81% of companies evaluated by MarketBeat, and ranked 63rd out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

Veren has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veren has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -4.12%

Earnings Growth

Earnings for Veren are expected to decrease by -4.12% in the coming year, from $0.97 to $0.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veren is 3.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veren is 3.32, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.92.

Price to Book Value per Share Ratio

Veren has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.87% of the float of Veren has been sold short.

Short Interest Ratio / Days to Cover

Veren has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veren has recently increased by 14.36%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Veren is a leading dividend payer. It pays a dividend yield of 6.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Veren does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Veren is 24.29%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Veren will have a dividend payout ratio of 36.56% next year. This indicates that Veren will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.87% of the float of Veren has been sold short.

Short Interest Ratio / Days to Cover

Veren has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veren has recently increased by 14.36%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.83

News Sentiment

Veren has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Veren this week, compared to 4 articles on an average week.

Search Interest

Only 8 people have searched for VRN on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

MarketBeat Follows

14 people have added Veren to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Veren insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.30% of the stock of Veren is held by insiders.

Percentage Held by Institutions

49.37% of the stock of Veren is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VRN Stock Analysis - Frequently Asked Questions

How have VRN shares performed this year?

Veren's stock was trading at $7.2203 at the beginning of 2024. Since then, VRN stock has decreased by 35.7% and is now trading at $4.6450.
View the best growth stocks for 2024 here.

Who are Veren's major shareholders?

Veren's top institutional investors include Franklin Resources Inc. (4.17%), CIBC Asset Management Inc (2.54%), HITE Hedge Asset Management LLC (1.72%) and Intact Investment Management Inc. (0.88%).

How do I buy shares of Veren?

Shares of VRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Veren own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veren investors own include NVIDIA (NVDA), Vanguard Short-Term Inflation-Protected Securities ETF (VTIP), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Pembina Pipeline (PBA), Verizon Communications (VZ) and Invesco QQQ (QQQ).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Today: 12/17/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:VRN
• Previous Symbol: NYSE:VRN
• CUSIP: N/A
• CIK: 1545851
• Web: www.vrn.com
• Phone: 403-693-0020
• Fax: 403-693-0070
• Employees: 777
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.67
• High Stock Price Target: $15.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +172.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.40
• Trailing P/E Ratio: 3.32
• Forward P/E Ratio: 4.79
• P/E Growth: N/A
• Net Income: $422.48 million
• Net Margins: 26.93%
• Pretax Margin: 12.12%
• Return on Equity: 12.23%
• Return on Assets: 6.80%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 0.88
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $4.30 billion
• Price / Sales: 0.67
• Cash Flow: $2.06 per share
• Price / Cash Flow: 2.26
• Book Value: $8.20 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 615,352,000
• Free Float: 613,506,000
• Market Cap: $2.86 billion
• Optionable: Optionable
• Beta: 2.16