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Veren (VRN) Company Overview

Profile

Full Name:

Veren Inc.

Sector:

Energy

Country:

Canada

IPO:

October 20, 2003

Indexes:

Not included

Description:

VRN (Veren) is a company that specializes in providing innovative solutions for various industries. They focus on technology and design to improve efficiency and productivity. With a commitment to quality and customer satisfaction, VRN aims to deliver exceptional products and services tailored to meet client needs.

Key Details

Price

$5.38

Annual Revenue

$2.64 B(-12.98% YoY)

Annual EPS

$0.77(-61.46% YoY)

Beta

0.96

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Oct 31, 2024

Recent annual earnings:

Feb 29, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 13, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 1, 24 RBC Capital
Outperform
Oct 18, 24 Raymond James
Strong Buy
Jul 12, 24 Scotiabank
Sector Outperform

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Veren: Canadian Oil At A Discount And With Potential For Increased Shareholder Returns
Veren: Canadian Oil At A Discount And With Potential For Increased Shareholder Returns
Veren: Canadian Oil At A Discount And With Potential For Increased Shareholder Returns
VRN
seekingalpha.comJanuary 31, 2025

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.

Veren Announces 2024 Reserves & Board Appointments
Veren Announces 2024 Reserves & Board Appointments
Veren Announces 2024 Reserves & Board Appointments
VRN
prnewswire.comJanuary 21, 2025

CALGARY, AB , Jan. 21, 2025 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce the results from its 2024 independent reserves report, provide an update on its operations and announce the appointment of two independent board members. KEY HIGHLIGHTS Strong reserve additions, replacing 173 percent of 2024 annual production on a 2P basis.

Veren: Forward Progress Now That Management Has What It Wants
Veren: Forward Progress Now That Management Has What It Wants
Veren: Forward Progress Now That Management Has What It Wants
VRN
seekingalpha.comNovember 1, 2024

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.

Veren (VRN) Misses Q3 Earnings and Revenue Estimates
Veren (VRN) Misses Q3 Earnings and Revenue Estimates
Veren (VRN) Misses Q3 Earnings and Revenue Estimates
VRN
zacks.comOctober 31, 2024

Veren (VRN) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.31 per share a year ago.

Veren Announces Q3 2024 Results & Updated Outlook
Veren Announces Q3 2024 Results & Updated Outlook
Veren Announces Q3 2024 Results & Updated Outlook
VRN
prnewswire.comOctober 31, 2024

CALGARY, AB , Oct. 31, 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 September 30, 2024, revised 2024 guidance, 2025 budget and updated five-year outlook. KEY HIGHLIGHTS Generated third quarter excess cash flow of $114 million, with full year 2024 excess cash flow expected to total $625 million.

Veren Confirms Quarterly Dividend
Veren Confirms Quarterly Dividend
Veren Confirms Quarterly Dividend
VRN
prnewswire.comOctober 31, 2024

CALGARY, AB , Oct. 31, 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 January 2, 2025 to shareholders of record on December 15, 2024.

Veren Announces Strategic Infrastructure Transaction
Veren Announces Strategic Infrastructure Transaction
Veren Announces Strategic Infrastructure Transaction
VRN
prnewswire.comSeptember 9, 2024

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 Makes Investment Grade While Integration Continues
Veren Makes Investment Grade While Integration Continues
Veren Makes Investment Grade While Integration Continues
VRN
seekingalpha.comJuly 25, 2024

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 (VRN) Matches Q2 Earnings Estimates
Veren (VRN) Matches Q2 Earnings Estimates
Veren (VRN) Matches Q2 Earnings Estimates
VRN
zacks.comJuly 25, 2024

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 Confirms Quarterly Dividend
Veren Confirms Quarterly Dividend
Veren Confirms Quarterly Dividend
VRN
prnewswire.comJuly 25, 2024

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.

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FAQ

  • What is the ticker symbol for Veren?
  • Does Veren pay dividends?
  • What sector is Veren in?
  • What industry is Veren in?
  • What country is Veren based in?
  • When did Veren go public?
  • Is Veren in the S&P 500?
  • Is Veren in the NASDAQ 100?
  • Is Veren in the Dow Jones?
  • When was Veren's last earnings report?
  • When does Veren report earnings?

What is the ticker symbol for Veren?

The ticker symbol for Veren is NYSE:VRN

Does Veren pay dividends?

Yes, Veren pays dividends. The last payment was $0.08, with an ex-dividend date on December 13, 2024

What sector is Veren in?

Veren is in the Energy sector

What industry is Veren in?

Veren is in the Oil & Gas Equipment & Services industry

What country is Veren based in?

Veren is headquartered in Canada

When did Veren go public?

Veren's initial public offering (IPO) was on October 20, 2003

Is Veren in the S&P 500?

No, Veren is not included in the S&P 500 index

Is Veren in the NASDAQ 100?

No, Veren is not included in the NASDAQ 100 index

Is Veren in the Dow Jones?

No, Veren is not included in the Dow Jones index

When was Veren's last earnings report?

Veren's most recent earnings report was on Oct 31, 2024

When does Veren report earnings?

The next expected earnings date for Veren is Feb 27, 2025