Veren Overview
- Year Founded
-
1994
- Status
-
Public
- Employees
-
777
- Stock Symbol
-
VRN
- Investments
-
42
- Share Price
-
$6.48
- (As of Thursday Closing)
Veren General Information
Description
Veren Inc is an oil producer company. It is engaged in acquiring, developing, and holding interests in petroleum assets operations across western Canada.
Contact Information
Website
www.vrn.comCorporate Office
- 585 8 Avenue South Wales
- Suite 2000
- Calgary, Alberta T2P 1G1
- Canada
Corporate Office
- 585 8 Avenue South Wales
- Suite 2000
- Calgary, Alberta T2P 1G1
- Canada
Veren Stock Performance
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $6.48 | $6.50 | $6.04 - $9.28 | $4.01B | 617M | 3.1M |
Veren Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 7,609,322 | 6,567,202 | 4,934,108 | 4,890,851 |
| Revenue | 3,155,366 | 2,639,931 | 3,029,940 | 2,581,741 |
| EBITDA | 1,344,457 | 1,661,693 | 1,978,771 | 3,220,040 |
| Net Income | (6,937) | 422,291 | 1,138,511 | 1,884,841 |
| Total Assets | 8,276,557 | 9,630,409 | 6,989,685 | 7,192,985 |
| Total Debt | 2,169,964 | 2,797,377 | 1,153,551 | 1,656,131 |
Veren Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Veren Comparisons
Industry
Financing
Details
Veren Competitors (38)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Arc Resources | Corporation | Calgary, Canada | ||||
| Baytex Energy | Corporation | Calgary, Canada | ||||
| Enerplus | Corporate Backed or Acquired | Calgary, Canada | ||||
| Peyto Exploration & Development | Corporation | Calgary, Canada | ||||
| Advantage Energy | Corporation | Calgary, Canada |
Veren Executive Team (19)
| Name | Title | Board Seat |
|---|---|---|
| Craig Bryksa | Chief Executive Officer & Board Member | |
| Kenneth Lamont | Chief Financial Officer, Finance | |
| Ryan Gritzfeldt | Chief Operating Officer, Operations | |
| Mark Eade | General Counsel, Legal & Secretary, Administration | |
| Sarfraz Somani | Manager, Investor Relations |
Veren Board Members (17)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Chairman & Board Member | ||
| Veren | Chief Executive Officer & Board Member | ||
| Self | Board Member | ||
| Self | Board Member | ||
| Self | Board Member |
Veren Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Veren Investments & Acquisitions (42)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Hammerhead Energy | 21-Dec-2023 | Energy Production | |||
| Spartan Delta (Oil and Liquid Montney Assets in Alberta, Canada) | 10-May-2023 | Buildings and Property | |||
| Paramount Resources (Kaybob Duvernay assets) | 11-Jan-2023 | Buildings and Property | |||
| Shell Canada Energy (Kaybob Duvernay Assets in Alberta ) | 12-May-2021 | Other Energy | |||
| 142,000 hectares in Alberta's East Shale Duvernay | 03-Apr-2018 | Corporate Asset Purchase | Buildings and Property |
Veren Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Veren U.S. | Energy Exploration | Williston, ND | 2009 |
| Veren (Four Oil Battery Sites in Gold Creek and Karr Areas) | Buildings and Property | Gold Creek, Canada |
Veren ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
41.09 | Severe Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Oil & Gas Producers
Industry
of 307
Rank
Percentile
Oil & Gas Exploration and Production
Subindustry
of 165
Rank
Percentile
Veren Exits (5)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Arcan Resources | 11-Oct-2011 | Completed |
|
||
| Arcan Resources | 14-Jul-2011 | Completed |
|
||
| Arcan Resources | 16-Nov-2010 | Completed |
|
||
| Arcan Resources | 12-Apr-2010 | Completed |
|
||
| Bulldog Energy Group | 29-Nov-2005 | Merger/Acquisition | Completed |
Veren FAQs
-
When was Veren founded?
Veren was founded in 1994.
-
Who is the founder of Veren?
Scott Saxberg is the founder of Veren.
-
Who is the CEO of Veren?
Craig Bryksa is the CEO of Veren.
-
Where is Veren headquartered?
Veren is headquartered in Calgary, Canada.
-
What is the size of Veren?
Veren has 777 total employees.
-
What industry is Veren in?
Veren’s primary industry is Energy Production.
-
Is Veren a private or public company?
Veren is a Public company.
-
What is Veren’s stock symbol?
The ticker symbol for Veren is VRN.
-
What is the current stock price of Veren?
As of 10-Oct-2024 the stock price of Veren is $6.48.
-
What is the current market cap of Veren?
The current market capitalization of Veren is $4.01B.
-
What is Veren’s current revenue?
The trailing twelve month revenue for Veren is $3.16B.
-
Who are Veren’s competitors?
Arc Resources, Baytex Energy, Enerplus, Peyto Exploration & Development, and Advantage Energy are some of the 38 competitors of Veren.
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