Research Analysts Set Expectations for Veren FY2027 Earnings

Veren Inc. (TSE:VRN - Free Report) - Equities researchers at Atb Cap Markets decreased their FY2027 EPS estimates for Veren in a report released on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.65 per share for the year, down from their prior estimate of $0.66.

Several other brokerages also recently weighed in on VRN. Desjardins downgraded shares of Veren from a "buy" rating to a "tender" rating and increased their price target for the stock from C$11.00 to C$12.60 in a report on Tuesday. CIBC decreased their target price on Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. National Bankshares lifted their price target on Veren from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. ATB Capital decreased their price target on Veren from C$11.00 to C$9.50 in a research note on Tuesday. Finally, Royal Bank of Canada decreased their target price on Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$11.74.

Veren Trading Up 3.7 %

TSE:VRN opened at C$8.76 on Thursday. The stock has a market capitalization of C$5.37 billion and a price-to-earnings ratio of 4.99. The business has a 50-day simple moving average of C$7.53. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

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Veren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.25%.

Veren Company Profile

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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