Veren Inc reports results for the quarter ended September 30 - Earnings Summary

• Veren Inc VRN.TO reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of C$-1.52. The mean expectation of six analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 24 cents to 29 cents per share.

• Revenue rose 1.2% to C$1.14 billion from a year ago; analysts expected C$950.95 million.

• Veren Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of C$277.2 million.

• Veren Inc shares had fallen by 6.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "strong buy"

Wall Street's median 12-month price target for Veren Inc is C$11.50

This summary was machine generated from LSEG data February 27 at 02:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)