Veren Inc. (NYSE:VRN - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $5.95 and last traded at $5.98, with a volume of 1597870 shares changing hands. The stock had previously closed at $6.05.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on VRN. Raymond James began coverage on shares of Veren in a report on Friday, October 18th. They issued a "strong-buy" rating and a $13.00 price target for the company. Scotiabank lowered their price target on shares of Veren from $16.00 to $15.00 and set a "sector outperform" rating for the company in a report on Friday, July 12th.
Read Our Latest Stock Report on Veren
Veren Stock Down 1.4 %
The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -74.56 and a beta of 2.14. The business has a 50 day moving average price of $6.53.
Institutional Trading of Veren
Several institutional investors have recently added to or reduced their stakes in VRN. Dixon Mitchell Investment Counsel Inc. bought a new stake in Veren in the second quarter worth about $36,000. EverSource Wealth Advisors LLC purchased a new position in shares of Veren during the second quarter worth approximately $42,000. Pacifica Partners Inc. purchased a new position in shares of Veren during the second quarter worth approximately $61,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Veren during the third quarter worth approximately $79,000. Finally, Fifth Third Bancorp purchased a new position in shares of Veren during the second quarter worth approximately $85,000. Institutional investors own 49.37% of the company's stock.
Veren Company Profile
(
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Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.
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