Shares of Veren Inc. (TSE:VRN - Get Free Report) have earned a consensus rating of "Buy" from the seven analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$11.74.
Several research analysts have recently weighed in on the stock. ATB Capital decreased their target price on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday, March 11th. Royal Bank of Canada lowered their target price on Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. CIBC dropped their target price on Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. Desjardins downgraded Veren from a "buy" rating to a "tender" rating and increased their price target for the company from C$11.00 to C$12.60 in a report on Tuesday, March 11th. Finally, National Bankshares raised their price objective on Veren from C$12.50 to C$13.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th.
Read Our Latest Report on Veren
Veren Stock Down 10.9 %
TSE VRN traded down C$0.96 on Monday, reaching C$7.88. The company had a trading volume of 8,266,804 shares, compared to its average volume of 4,825,293. Veren has a 1 year low of C$6.34 and a 1 year high of C$12.67. The firm's 50-day moving average is C$8.06. The firm has a market capitalization of C$4.83 billion and a price-to-earnings ratio of 4.49.
Veren Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were given a $0.115 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.46 annualized dividend and a dividend yield of 5.84%.
Veren Company Profile
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Get Free ReportVeren 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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