Veren (VRN)

• Market cap: $2.87B
• 1 day: 4.95%
• 5 days: -3.12%
• 1 month: -13.22%
• 3 months: -27.64%
• 6 months: -39.01%
• Year to date: -32.66%
• 1 year: -31.77%
• 5 years: 12.29%
• 10 years: -79.22%

About: Veren Inc is an oil producer company. It is engaged in acquiring, developing, and holding interests in petroleum assets operations across western Canada.

Employees: 777

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% less funds holding

Funds holding: 191 [Q2] → 190 (-1) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 66

3% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 38

2.82% less ownership

Funds ownership: 48.54% [Q2] → 45.72% (-2.82%) [Q3]

10% less funds holding in top 10

Funds holding in top 10: 10 [Q2] → 9 (-1) [Q3]

26% less call options, than puts

Call options by funds: $5.43M | Put options by funds: $7.31M

27% less capital invested

Capital invested by funds: $2.42B [Q2] → $1.76B (-$662M) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 115% upside
• Avg. target: $11.50 147% upside
• High target: $13 179% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Michael Harvey 0% 1-year accuracy 0 / 1 met price target	115% upside $10	Outperform Maintained	1 Nov 2024
Raymond James Luke Davis 0% 1-year accuracy 0 / 1 met price target	179% upside $13	Strong Buy Initiated	18 Oct 2024