What is Atb Cap Markets’ Forecast for Veren FY2025 Earnings?

Veren Inc. (TSE:VRN) – Atb Cap Markets reduced their FY2025 earnings estimates for shares of Veren in a research report issued to clients and investors on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $1.11 per share for the year, down from their previous forecast of $1.23. Atb Cap Markets also issued estimates for Veren’s FY2026 earnings at $0.91 EPS and FY2027 earnings at $0.58 EPS.

Veren (TSE:VRN) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.04). During the same period last year, the firm posted $0.42 earnings per share.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group dropped their price objective on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. ATB Capital dropped their price objective on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. National Bankshares cut their price objective on shares of Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. BMO Capital Markets decreased their target price on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$11.83.

Veren Stock Performance

Shares of Veren stock opened at C$7.58 on Friday. Veren has a 52 week low of C$6.34 and a 52 week high of C$12.67. The company has a 50 day moving average of C$7.37.

Veren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Friday, December 13th.

Veren Company Profile

Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.