
Veren Inc (VRN) Stock Forecast & Price Target
Veren Inc (VRN) Analyst Ratings
Bulls say
Veren Inc. has demonstrated a commitment to enhancing operational efficiency, as reflected in its increased capex guidance of $1.45-$1.5 billion for 2024, which underscores a focus on infrastructure spending to support future growth. The company anticipates production growth to reach 250 mboe/d by 2029, highlighting its strategic initiatives within key resource plays such as the Montney, Duvernay, and Viewfield, which offer strong return potential at current oil price levels. Furthermore, the implementation of waterflood initiatives on mature reservoirs is expected to mitigate decline rates and enhance overall recovery, positioning the company favorably within its sector.
Bears say
Veren Inc. has issued 2025 production guidance that falls 5% short of market expectations, which is compounded by a capital expenditure forecast set at 2% above consensus. The company's recent well results from Gold Creek and Karr have underperformed, leading to a downward revision in 2024 production and an overall decrease in cash flow per share estimates by 2% to 5% for the upcoming years. Additionally, a significant decline in the company's proven and probable reserves by 6% to 1,133 mmboe and a 4% drop in 1P reserves highlight ongoing challenges in asset performance and production capability.
This aggregate rating is based on analysts' research of Veren Inc and is not a guaranteed prediction by Public.com or investment advice.
Veren Inc (VRN) Analyst Forecast & Price Prediction
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