Core Viewpoint - Shares of Veren (VRN) have increased by 27.7% in the past four weeks, closing at 8 indicating a potential upside of 27.6% [1] Price Targets and Analyst Consensus - The average of 11 short-term price targets ranges from a low of 9.62, with a standard deviation of $0.97, suggesting a potential increase of 5.3% to 53.4% from the current price [2] - A low standard deviation indicates a strong agreement among analysts regarding the price movement of VRN, which can serve as a starting point for further research [8] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about VRN's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [10] - Over the last 30 days, one estimate has increased, leading to a 21.2% rise in the Zacks Consensus Estimate for the current year [11] Zacks Rank and Investment Potential - VRN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [12]
Wall Street Analysts See a 27.59% Upside in Veren (VRN): Can the Stock Really Move This High?