Stock VRN VEREN INC.
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Financials Veren Inc.

Equities

VRN

CA92340V1076

Oil & Gas Exploration and Production

Market Closed - Toronto S.E.
Other stock markets
 16:00:00 2024-05-31 EDT 		5-day change 1st Jan Change
11.86 CAD +1.80% Intraday chart for Veren Inc. +3.13% +29.05%
05-15 Crescent Point Energy Corp. will Change its Ticker to VRN from CPG CI
05-15 Saturn Oil & Gas Inc. completed the acquisition Non-core properties in Saskatchewan from Crescent Point Energy Corp.. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,131 1,574 3,930 5,376 5,758 7,330 - -
Enterprise Value (EV) 1 5,896 3,723 6,003 6,627 9,496 10,048 9,657 9,359
P/E ratio -3.06 x -0.62 x 1.64 x 3.72 x 8.84 x 15.1 x 7.18 x 11.9 x
Yield 0.69% 0.59% 0.56% 3.73% 4.21% 3.88% 3.88% 3.88%
Capitalization / Revenue 0.94 x 0.93 x 1.23 x 1.2 x 1.4 x 1.66 x 1.61 x 1.64 x
EV / Revenue 1.77 x 2.2 x 1.87 x 1.47 x 2.31 x 2.27 x 2.12 x 2.09 x
EV / EBITDA 2.51 x 3.03 x 3.94 x 2.68 x 4.07 x 4.31 x 3.73 x 5.2 x
EV / FCF 12.2 x 21.2 x 66.5 x 5.62 x 9.22 x 9.98 x 9.24 x 11.2 x
FCF Yield 8.21% 4.72% 1.5% 17.8% 10.8% 10% 10.8% 8.91%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 540,776 530,036 582,245 556,500 626,547 618,029 - -
Reference price 2 5.790 2.970 6.750 9.660 9.190 11.86 11.86 11.86
Announcement Date 3/5/20 2/24/21 3/3/22 3/2/23 2/29/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,336 1,692 3,206 4,493 4,112 4,424 4,559 4,480
EBITDA 1 2,348 1,228 1,522 2,477 2,331 2,333 2,586 1,802
EBIT 1 -1,046 -3,038 3,254 1,935 1,182 1,474 1,646 652.5
Operating Margin -31.34% -179.55% 101.49% 43.06% 28.76% 33.32% 36.11% 14.56%
Earnings before Tax (EBT) 1 -1,192 -3,148 3,164 1,871 1,053 451.5 964.1 657
Net income 1 -1,033 -2,520 2,364 1,483 570.3 480 855.8 558
Net margin -30.97% -148.91% 73.73% 33.02% 13.87% 10.85% 18.77% 12.46%
EPS 2 -1.890 -4.760 4.110 2.600 1.040 0.7850 1.652 1.000
Free Cash Flow 1 484.2 175.6 90.2 1,180 1,030 1,007 1,045 834
FCF margin 14.51% 10.38% 2.81% 26.26% 25.05% 22.75% 22.92% 18.62%
FCF Conversion (EBITDA) 20.63% 14.3% 5.93% 47.63% 44.19% 43.14% 40.41% 46.29%
FCF Conversion (Net income) - - 3.82% 79.53% 180.62% 209.71% 122.1% 149.46%
Dividend per Share 2 0.0400 0.0175 0.0375 0.3600 0.3870 0.4600 0.4600 0.4600
Announcement Date 3/5/20 2/24/21 3/3/22 3/2/23 2/29/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 900.4 1,093 1,286 970.5 1,017 913.6 949.6 908.7 1,012 1,108 1,144 1,100 1,138 -
EBITDA 1 546.4 272.1 710.4 884.2 609.8 532.9 572.9 514.9 725.5 387.5 624 617 669 -
EBIT 1 - - - - -695.7 304.2 312.6 222.9 429.7 -467.1 281 269 317 -
Operating Margin - - - - -68.43% 33.3% 32.92% 24.53% 42.44% -42.16% 24.55% 24.45% 27.86% -
Earnings before Tax (EBT) 1 316.7 1,510 453.2 619.8 -711.8 288.2 281.1 179.6 391.1 -527.9 319.1 312.7 316.4 -
Net income 1 121.6 1,184 331.5 466.4 -498.1 216.7 212.3 -809.9 951 -411.7 278.4 271.2 273.5 -
Net margin 13.51% 108.32% 25.77% 48.06% -49% 23.72% 22.36% -89.13% 93.94% -37.16% 24.33% 24.65% 24.03% -
EPS 2 0.2100 2.030 0.5800 0.8200 -0.9000 0.3900 0.3900 -1.520 1.740 -0.6600 0.4620 0.4520 0.4660 -
Dividend per Share 2 0.0450 0.0450 0.0650 0.0800 0.2150 0.1320 0.1000 0.1350 0.1200 0.1150 0.1183 0.1175 0.1175 0.1150
Announcement Date 3/3/22 5/12/22 7/27/22 10/26/22 3/2/23 5/12/23 7/26/23 11/2/23 2/29/24 5/10/24 - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,765 2,149 2,073 1,251 3,738 2,718 2,327 2,030
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.178 x 1.75 x 1.362 x 0.5051 x 1.603 x 1.165 x 0.9 x 1.127 x
Free Cash Flow 1 484 176 90.2 1,180 1,030 1,007 1,045 834
ROE (net income / shareholders' equity) 6.47% -61.7% - 24.9% 8.54% 13% 13% -
ROA (Net income/ Total Assets) 3.39% -30.1% - - - - - -
Assets 1 -30,484 8,369 - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 3.340 1.640 2.570 3.910 4.270 4.010 4.160 3.840
Capex 1 1,306 699 1,354 1,027 1,221 1,505 1,517 1,562
Capex / Sales 39.15% 41.3% 42.23% 22.87% 29.68% 34.02% 33.27% 34.86%
Announcement Date 3/5/20 2/24/21 3/3/22 3/2/23 2/29/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Veren Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
11.86 CAD
Average target price
14.71 CAD
Spread / Average Target
+24.07%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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