Veren Inc. (NYSE:VRN - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Sunday, December 15th will be paid a dividend of 0.085 per share on Thursday, January 2nd. This represents a $0.34 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Veren's previous quarterly dividend of $0.08.
Veren Stock Down 3.7 %
NYSE:VRN traded down $0.19 during mid-day trading on Friday, hitting $4.97. 10,195,806 shares of the company traded hands, compared to its average volume of 4,539,313. 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 company has a fifty day moving average of $6.44. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -84.82 and a beta of 2.14. Veren has a one year low of $4.90 and a one year high of $9.28.
Analysts Set New Price Targets
VRN has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Veren from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Friday. Raymond James assumed coverage on shares of Veren in a report on Friday, October 18th. They issued a "strong-buy" rating and a $13.00 target price on the stock. Finally, Scotiabank dropped their target price on shares of Veren from $16.00 to $15.00 and set a "sector outperform" rating for the company in a research report on Friday, July 12th.
Check Out Our Latest Analysis on Veren
Veren Company Profile
(
Get Free Report)
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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