10 Best Depressed Stocks To Buy Heading into 2025

6. Veren Inc. (NYSE:VRN)

52 Week Range: $6.02 – $9.28 

Current Share Price: $6.12 

Number of Hedge Fund Holders: 26

Analyst Upside Potential: 62.06% 

Veren Inc. (NYSE:VRN) is an oil and gas company based in Calgary, Canada. It focuses on producing oil and natural gas from its properties located primarily in central Alberta and parts of Saskatchewan. It was formerly known as Crescent Point Energy until it was rebranded in 2024.

The company continues to perform well in the Alberta Montney and Kaybob Duvernay regions, with recent wells ranking among the best in the Western Canadian Sedimentary Basin. During the second quarter of fiscal 2024, it generated around 192,648 boe/d, which was well within its 2024 annual average production guidance of 191,000 to 199,000 boe/d.

The total funds flow for the quarter was $611.7 million mainly due to a strong operating netback of $40.00 per boe. Out of this, the net income was $261.0 million and the company was also able to reduce its net debt by $620 million to bring it to $3 billion. Veren Inc. (NYSE:VRN) aims to generate around $825 million in excess cash for the full year and will continue returning 60% of its excess cash to its shareholders. The company ranks 6th on our list of best-depressed stocks to buy heading into 2025.