Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

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Veren Inc

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Post by traderbrion Nov 07, 2024 12:03pm

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Post# 36301258

Consensus EPS estimates increase by 26%, revenue downgraded

The consensus outlook for fiscal year 2024 has been updated.

2024 revenue forecast fell from CA$4.25b to CA$4.12b.
EPS estimate rose from CA$0.421 to CA$0.53.
Net income forecast to grow 36% next year vs 13% growth forecast for Oil and Gas industry in Canada.
Consensus price target down from CA$13.15 to CA$11.82.
Share price fell 11% to CA$7.45 over the past week.