Veren (VRN)

• Market cap: $3.37B
• 1 day: 0.55%
• 5 days: 2.62%
• 1 month: 13.46%
• 3 months: -8.67%
• 6 months: -29.92%
• Year to date: 3.98%
• 1 year: -14.64%
• 5 years: 39.80%
• 10 years: -75.82%

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)

0% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 37

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

2.78% less ownership

Funds ownership: 48.54% [Q2] → 45.76% (-2.78%) [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 (-$660M) [Q3]

Research analyst outlook

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

• Low target: $10 82% upside
• Avg. target: $10 82% upside
• High target: $10 82% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Michael Harvey 100% 1-year accuracy 1 / 1 met price target

82% upside $10

Outperform Maintained

1 Nov 2024