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Veren Inc.NYSE:VRN Stock Report

Market Cap US$3.9b
Share Price
n/a
US$7.55
n/aintrinsic discount
1Y-30.0%
7D3.3%
1D
Portfolio Value
​
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Veren Inc.

NYSE:VRN Stock Report

Market Cap: US$3.9b

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Veren (VRN) Stock Overview

Engages in acquiring, developing, and holding interests in petroleum assets operations across western Canada. More details

VRN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends3/6

Rewards

Trading at 64% below our estimate of its fair value

Earnings are forecast to grow 14.69% per year

Analysts in good agreement that stock price will rise by 25.6%

Risk Analysis

Profit margins (7.1%) are lower than last year (25.1%)

Dividend of 5.23% is not well covered by earnings


VRN Community Fair Values

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Veren Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Veren
Historical stock prices
Current Share PriceCA$6.01
52 Week HighCA$9.02
52 Week LowCA$4.40
Beta1.34
1 Month Change4.70%
3 Month Change16.25%
1 Year Change-30.03%
3 Year Change-21.64%
5 Year Change326.24%
Change since IPO-75.36%

Recent News & Updates

Seeking Alpha • Mar 13

Whitecap-Veren Merger: Over 9% Dividend Yield And Still Growing With 2030 Projection

Summary The C$15 billion Whitecap-Veren merger creates the 7th-largest Canadian oil & gas producer. Whitecap's acquisition of Veren offers a high dividend yield of over 9%, significant growth potential, and savings from synergies. Whitecap's stock is temporarily down due to arbitrage trade between Whitecap and Veren. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Mar 13

Whitecap-Veren Merger: Over 9% Dividend Yield And Still Growing With 2030 Projection

Summary The C$15 billion Whitecap-Veren merger creates the 7th-largest Canadian oil & gas producer. Whitecap's acquisition of Veren offers a high dividend yield of over 9%, significant growth potential, and savings from synergies. Whitecap's stock is temporarily down due to arbitrage trade between Whitecap and Veren. Read the full article on Seeking Alpha
Seeking Alpha • Mar 02

Veren: End Of An Era

Summary Veren has transformed from a struggling company to a cash flow juggernaut. The debt is now investment grade, which is a huge improvement over the situation when management arrived roughly a decade ago. Shareholder returns will include share repurchases, a base dividend, and occasional special dividends, with expected total returns in the teens. Technology advances may impact long-term returns; but their rapid industry adoption could affect selling prices and margins. Management is now focused on growing operations and returning cash to shareholders, rather than reshuffling the acreage portfolio. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Veren: Canadian Oil At A Discount And With Potential For Increased Shareholder Returns

Summary Veren Inc. plans to generate C$3.8 billion in excess cash flow over five years, distributing 60% to shareholders. The company is undervalued, with a fair value of C$15 per share, offering a 100% potential upside based on a 5x EV/EBITDA ratio. Management focuses on increasing per share growth, maintaining a strong balance sheet, and returning capital to shareholders through dividends and share buybacks. Risks include oil price volatility and drilling results, but management's hedging strategy and revised drilling methods mitigate these concerns. Read the full article on Seeking Alpha
Seeking Alpha • Nov 25

Veren: Updating The Long-Term Projection - Patience Will Be Well Rewarded

Summary Veren’s 20% sell-off after Q3 results reflects impatience with a production miss and a failed P&P drilling experiment. Core assets remain solid, management has reverted to proven techniques, and insider buying signals confidence. At $70 WTI and C$3 AECO, Veren is projected to generate C$3.7 billion in FCF over five years, supporting dividends, growth, debt reduction, and buybacks. Shares offer ~60% upside to C$12, with a 19% yield on cost and 15 years of premium drilling inventory by 2029. Read the full article on Seeking Alpha
Seeking Alpha • Nov 02

Veren: Forward Progress Now That Management Has What It Wants

Summary The 10,000 BOED decrease that concerned the market appears to be unprofitable. The experimental wells are unlikely to affect the company materially, no matter how disappointing they are. The infrastructure and deferred maintenance issues should have been expected by the market. The forward company performance should be better than the past company performance now that management has what it wanted. This is an excellent contrarian opportunity, as nothing that happened is a permanent impairment. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Veren: Onward To The Future

Summary 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. A future revaluation of the stock price implies more upside potential than downside potential. The latest debt paydown should raise roughly C$400 million to repay debt.  The company is close to cutting debt levels in half in a short period of time. Read the full article on Seeking Alpha
Seeking Alpha • Jul 22

Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs

Summary 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. Read the full article on Seeking Alpha
Seeking Alpha • Mar 05

Crescent Point Energy Is Shifting From Transition To Growth

Summary Crescent Point Energy has transitioned from a zombie corporation to a cash generation machine. The company is now profitable enough to grow and pay a dividend. That is a rare accomplishment. Management's rare success in transforming the company puts it in a position to thrive. It also marks this management as excellent. Earnings history of the company will begin to be comparable (finally) going forward. The stock should return to historical valuations as the industry returns to market favor from the doghouse. Read the full article on Seeking Alpha
Seeking Alpha • Feb 24

Crescent Point Seems Undervalued

Summary Crescent Point Energy's share price has fallen significantly since 2014, causing caution among investors. The company's acquisition of Montney lands from Spartan Delta last May raised concerns about excess debt. My current analysis suggests that Crescent Point's shares are undervalued, with a potential value of CDN$18. Crescent Point shares may now be a solid long term hold. Read the full article on Seeking Alpha
Seeking Alpha • Jan 23

Crescent Point Gets Hit On The Head With A Hammer

Summary We had Crescent Point Energy Corp. downgraded to "Hold" due to the expected drop in free cash flow yields and poor capital transactions. The stock has dropped significantly, lagging behind the broader market and Canadian energy ETFs. The gassy acquisition will be regretted in 2024 as the front-end AECO strip gets obliterated. Read the full article on Seeking Alpha
Seeking Alpha • Jan 05

Crescent Point Energy: Transition Is Finally Over

Summary Crescent Point Energy management announces completion of company transition. Management is done remaking the company, but may consider future deals if the right opportunity arises. Shareholders may be frustrated with quarterly or annual results due to acquisitions and disposals, but things should become simpler going forward. The future returns will be as a growth and income play. Management began the future with a dividend increase. Read the full article on Seeking Alpha
Seeking Alpha • Nov 14

Crescent Point Is About To Become The Second Largest Montney Producer

Summary Crescent Point Energy announces $2.55 billion acquisition of Hammerhead Energy. Crescent Point reports bolstering their high-quality Montney assets with estimated FY24 production of 94mboe/d. The acquisition will increase Crescent Point's production by 23% and total proved and probable reserves by 25%. Read the full article on Seeking Alpha
Seeking Alpha • Nov 07

Crescent Point: Running After That Untamed Ornithoid

Summary Crescent Point Energy has announced its acquisition of Hammerhead Energy for approximately $2.55 billion. The purchase will enhance Crescent Point's drilling inventory profile. We tell you why we think the Data suggests that we look elsewhere for returns. Read the full article on Seeking Alpha
Seeking Alpha • Oct 13

Crescent Point Energy: Refocus Almost Complete

Summary Crescent Point Energy Corp. has announced the disposition of its U.S. operations, focusing solely on Canadian operations. The company's reduced debt allows it to wait for a cyclical recovery in the industry before resuming drilling and completion activities. The company's strong balance sheet and optimization efforts are expected to increase profitability and lower the breakeven point over time. This management can likely drill and complete wells profitably during industry conditions when others are idle.  That gives management a cost advantage. Comparisons with previous years are hard due to all the acquisitions and dispositions. Read the full article on Seeking Alpha
Seeking Alpha • Sep 05

Crescent Point Energy: A Low-Cost Liquids-Rich Oil Producer With Growth Potential

Summary Crescent Point Energy is a Canadian oil producer with a majority of its production coming from crude oil & condensate. The company recently completed a strategic acquisition of oil and liquids-rich Montney assets, increasing its leverage but providing growth potential. Crescent Point is expected to deleverage quickly and reach a net debt of around C$2B by the end of the year while still distributing cash flows to shareholders. Read the full article on Seeking Alpha

Shareholder Returns

VRNUS Oil and GasUS Market
7D3.3%-4.6%2.2%
1Y-30.0%19.5%24.8%

Return vs Industry: VRN underperformed the US Oil and Gas industry which returned -5.7% over the past year.

Return vs Market: VRN underperformed the US Market which returned 11.6% over the past year.

Price Volatility

Is VRN's price volatile compared to industry and market?
VRN volatility
VRN Average Weekly Movement9.9%
Oil and Gas Industry Average Movement6.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: VRN has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: VRN's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994746Craig Bryksawww.vrn.com

Veren Inc. engages in acquiring, developing, and holding interests in petroleum assets operations across western Canada. Veren Inc. was formerly known as Crescent Point Energy Corp. and changed its name to Veren Inc. in May 2024. The company was founded in 1994 and is based in Calgary, Canada.

Veren Inc. Fundamentals Summary

How do Veren's earnings and revenue compare to its market cap?
VRN fundamental statistics
Market capUS$3.86b
Earnings (TTM)US$203.36m
Revenue (TTM)US$2.85b
19.0x
P/E Ratio
1.4x
P/S Ratio

Is VRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VRN income statement (TTM)
RevenueCA$3.97b
Cost of RevenueCA$1.40b
Gross ProfitCA$2.58b
Other ExpensesCA$2.29b
EarningsCA$283.90m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Jul 23, 2025

Earnings per share (EPS)0.46
Gross Margin64.86%
Net Profit Margin7.15%
Debt/Equity Ratio36.3%

How did VRN perform over the long term?

See historical performance and comparison

Dividends

5.2%
Current Dividend Yield
100%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/13 14:40
End of Day Share Price 2025/05/09 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Veren Inc. is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
null nullArgus Research Company
Garett UrsuATB Cormark Historical (Cormark Securities)