VRN stock icon

Veren
VRN

6.46 USD
-0.02
0.31%
At close Oct 11, 4:00 PM EDT
After hours
6.38
-0.08
1.24%
1 day
-0.31%
5 days
-3.44%
1 month
3.53%
3 months
-20.54%
6 months
-27.17%
Year to date
-6.65%
1 year
-18.64%
5 years
66.07%
 

About: Veren Inc is an oil producer company. It is engaged in acquiring, developing, and holding interests in petroleum assets operations across western Canada.

Employees: 777

0
Funds holding %
of 6,740 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 10 [Q1] → 10 (+0) [Q2]

2.19% less ownership

Funds ownership: 49.4% [Q1] → 47.21% (-2.19%) [Q2]

5% less funds holding

Funds holding: 198 [Q1] → 188 (-10) [Q2]

7% less capital invested

Capital invested by funds: $2.52B [Q1] → $2.35B (-$166M) [Q2]

26% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 39

32% less call options, than puts

Call options by funds: $9.4M | Put options by funds: $13.8M

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for VRN.

See Analyst Rankings

Financial journalist opinion

Positive
Seeking Alpha
3 weeks ago
Veren: Onward To The Future
Veren Inc. has achieved investment-grade status. Few management teams can take a zombie corporation to investment-grade status. The company's debt levels have significantly improved. Those debt levels are now headed to conservative territory.
Veren: Onward To The Future
Positive
Zacks Investment Research
3 weeks ago
Best Income Stocks to Buy for September 16th
DKL, CTO and VRN made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 16, 2024.
Best Income Stocks to Buy for September 16th
Positive
Zacks Investment Research
1 month ago
Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal
PBA plans to buy oil batteries from Veren for C$400 million, which will strengthen its partnership through long-term contracts and strategic synergies.
Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal
Neutral
PRNewsWire
1 month ago
Veren Announces Strategic Infrastructure Transaction
CALGARY, AB , Sept. 9, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce it has entered into a strategic long-term partnership with Pembina Gas Infrastructure ("PGI") related to certain infrastructure assets in the Alberta Montney and will receive net cash proceeds of $400 million related to this transaction.
Veren Announces Strategic Infrastructure Transaction
Neutral
Seeking Alpha
2 months ago
Veren Makes Investment Grade While Integration Continues
Veren Inc. reported C$0.99 in adjusted funds flow from operations, with stock trading at just over two times that figure when annualized. Management completed asset sales to reduce net debt to C$3.0 billion. Declining natural gas prices impacted per share earnings.
Veren Makes Investment Grade While Integration Continues
Neutral
Seeking Alpha
2 months ago
Veren Inc. (VRN) Q2 2024 Earnings Call Transcript
Veren Inc. (NYSE:VRN ) Q2 2024 Results Conference Call July 25, 2024 12:00 PM ET Company Participants Craig Bryksa - President and Chief Executive Officer Ken Lamont - Chief Financial Officer Ryan Gritzfeldt - Chief Operating Officer Sarfraz Somani - Manager of Investor Relations Conference Call Participants Dennis Fong - CIBC World Markets Travis Wood - National Bank Financial Operator Good morning, ladies and gentlemen. My name is Yinah, and I will be your operator for Veren's Second Quarter 2024 Conference Call.
Veren Inc. (VRN) Q2 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Veren (VRN) Matches Q2 Earnings Estimates
Veren (VRN) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.
Veren (VRN) Matches Q2 Earnings Estimates
Neutral
PRNewsWire
2 months ago
Veren Announces Q2 2024 Results
CALGARY, AB , July 25, 2024 /PRNewswire/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the quarter ended June 30, 2024. KEY HIGHLIGHTS Continued operational execution in Alberta Montney and Kaybob Duvernay with recent wells among the top in the WCSB.
Veren Announces Q2 2024 Results
Neutral
PRNewsWire
2 months ago
Veren Confirms Quarterly Dividend
CALGARY, AB , July 25, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on October 1, 2024 to shareholders of record on September 15, 2024.
Veren Confirms Quarterly Dividend
Positive
Seeking Alpha
2 months ago
Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs
Veren Inc., formerly Crescent Point Energy, to report Q2 '24 earnings on 7/25/24. I anticipate the firm to generate $1.15b in revenue and an EPS of $0.52/share. Management anticipates growing daily production by ~25% in eFY25 on a y/y basis, with the long-term target of 250Mbbl/d in 2028. Veren is focusing efforts on their highly liquid assets in the Gold Creek West and Karr West regions.
Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs
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