What is Atb Cap Markets’ Estimate for Veren FY2024 Earnings?

Veren Inc. (TSE:VRN) – Investment analysts at Atb Cap Markets lowered their FY2024 EPS estimates for Veren in a research note issued on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $1.25 per share for the year, down from their previous forecast of $1.29. Atb Cap Markets also issued estimates for Veren’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.25 EPS and Q2 2025 earnings at $0.27 EPS.

VRN has been the topic of several other reports. BMO Capital Markets decreased their price objective on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada decreased their price target on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. CIBC dropped their price target on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. ATB Capital reduced their price objective on Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Securities lowered their target price on Veren from C$15.00 to C$12.00 and set a “buy” 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Veren presently has an average rating of “Buy” and an average price target of C$11.83.

Veren Stock Performance

VRN opened at C$7.37 on Monday. The stock has a 50-day moving average price of C$7.37. Veren has a twelve month low of C$6.34 and a twelve month high of C$12.67.

Veren (TSE:VRN) last posted its 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 company posted $0.42 earnings per share.

Veren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were given a $0.115 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.46 dividend on an annualized basis and a yield of 6.24%.

About Veren

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.