Veren Inc. (CPG)
NYSE: CPG · IEX Real-Time Price · USD
8.71
+0.26 (3.02%)
Apr 19, 2024, 3:17 PM EDT - Market open
Veren Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Veren stock have an average target of 14.13, with a low estimate of 13.5 and a high estimate of 14.75. The average target predicts an increase of 62.32% from the current stock price of 8.71.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 12, 2023.
Analyst Ratings
The average analyst rating for Veren stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Securities | TD Securities | Buy → Strong Buy Downgrades $14 | Buy → Strong Buy | Downgrades | $14 | +55.08% | Sep 12, 2023 |
| CIBC | CIBC | Buy Maintains $15 → $15 | Buy | Maintains | $15 → $15 | +69.44% | Aug 28, 2023 |
| RBC Capital | RBC Capital | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Feb 19, 2021 |
Financial Forecast
Revenue This Year
4.28B
from 3.37B
Increased by 27.23%
Revenue Next Year
4.66B
from 4.28B
Increased by 8.85%
EPS This Year
1.61
from 1.04
Increased by 54.80%
EPS Next Year
1.87
from 1.61
Increased by 16.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.8B | 5.8B | 5.6B | 4.6B | 4.7B |
| Avg | 4.3B | 4.7B | 4.7B | 4.4B | 4.6B |
| Low | 3.8B | 3.7B | 4.1B | 4.3B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 41.6% | 35.0% | 20.2% | -3.1% | 7.4% |
| Avg | 27.2% | 8.8% | 1.5% | -6.8% | 3.3% |
| Low | 14.0% | -14.4% | -11.6% | -9.6% | 0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.14 | 3.30 | 3.66 |
| Avg | 1.61 | 1.87 | 2.23 |
| Low | 1.06 | 0.97 | 1.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 105.8% | 104.8% | 96.0% |
| Avg | 54.8% | 16.1% | 19.3% |
| Low | 1.8% | -39.7% | -36.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.