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Veren (VRN) Stock Forecast & Price Target

C$7.63 +0.12 (+1.60%)
(As of 12:20 PM ET)

Veren - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
0
Buy
7

Based on 7 Wall Street analysts who have issued ratings for Veren in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 6 have given a buy rating, and 1 has given a strong buy rating for VRN.

Consensus Price Target

C$11.89
55.82% Upside
According to the 7 analysts' twelve-month price targets for Veren, the average price target is C$11.89. The highest price target for VRN is C$14.00, while the lowest price target for VRN is C$10.00. The average price target represents a forecasted upside of 55.82% from the current price of C$7.63.
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VRN Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
N/A N/A
Buy
6 Buy rating(s)
0 Buy rating(s)
N/A N/A
Hold
0 Hold rating(s)
0 Hold rating(s)
N/A N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
N/A N/A
Consensus Price TargetC$11.89C$14.00N/AN/A
Forecasted Upside55.82% Upside65.29% UpsideN/AN/A
Consensus Rating
Buy
Strong Buy
N/AN/A

VRN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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VRN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Veren Stock vs. The Competition

TypeVerenMining Companies
Consensus Rating Score
3.14
3.07
Consensus RatingBuyBuy
News Sentiment Rating
Neutral News

See Recent VRN News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024TD Securities
4 of 5 stars
 Lower TargetBuyC$15.00 ➝ C$12.00+71.92%
11/1/2024ATB Capital
4 of 5 stars
 Lower TargetOutperformC$11.50 ➝ C$11.00+57.59%
11/1/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperformC$12.00 ➝ C$10.00+43.27%
11/1/2024National Bankshares
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 Lower TargetOutperformC$13.50 ➝ C$13.00+86.25%
11/1/2024Scotiabank
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 Lower TargetOutperformC$12.00 ➝ C$11.00+57.59%
11/1/2024Raymond James
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L. Davis
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Lower TargetStrong-BuyC$13.00 ➝ C$12.00+71.92%
11/1/2024CIBC
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 Lower TargetC$15.00 ➝ C$13.00+86.25%
11/1/2024BMO Capital Markets
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 Lower TargetOutperformC$14.00 ➝ C$11.00+57.59%
10/22/2024Canaccord Genuity Group
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 Lower TargetC$15.00 ➝ C$14.00+65.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:45 PM ET.


VRN Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Veren is C$11.89, with a high forecast of C$14.00 and a low forecast of C$10.00.

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veren in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" VRN shares.

According to analysts, Veren's stock has a predicted upside of 55.82% based on their 12-month stock forecasts.

Over the previous 90 days, Veren's stock had 1 upgrade by analysts.

Veren has been rated by research analysts at ATB Capital, BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

Analysts like Veren more than other "mining" companies. The consensus rating score for Veren is 3.14 while the average consensus rating score for "mining" companies is 3.07. Learn more on how VRN compares to other companies.


This page (TSE:VRN) was last updated on 11/21/2024 by MarketBeat.com Staff
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