As of May 12, 2025, Veren Inc. was acquired by Whitecap Resources Inc. 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.
Montney Mastery | Veren Energy's operational success in the Montney formation showcases impressive production rates and efficiency, setting the stage for potential long-term growth |
Gold Creek Goldmine | Explore Veren's standout performance at Gold Creek, where new wells achieved rapid payouts and exceptional production rates, highlighting operational efficiency |
Fracking Innovation | Delve into Veren's use of 'elevator' fracs, a technique expected to enhance profitability and increase the value of undrilled land, potentially leading to stock multiple expansion |
Market Dynamics | Despite trading near 52-week lows, Veren maintains a strong dividend yield and is considered undervalued, with analysts suggesting price targets in the $4.66 to $5.50 range |
Metrics to compare | VRN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipVRNPeersSector | |
---|---|---|---|---|
P/E Ratio | 19.7x | 10.7x | 4.8x | |
PEG Ratio | −0.33 | 0.01 | 0.00 | |
Price/Book | 0.8x | 1.3x | 1.1x | |
Price / LTM Sales | 1.4x | 1.4x | 1.1x | |
Upside (Analyst Target) | 30.9% | 16.1% | 23.0% | |
Fair Value Upside | Unlock | 24.1% | 10.5% | Unlock |