Veren (TSE:VRN) Given New C$9.50 Price Target at ATB Capital

Veren (TSE:VRN - Free Report) had its target price decreased by ATB Capital from C$11.00 to C$9.50 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on the company. CIBC lowered their price objective on Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. National Bankshares raised their price objective on Veren from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$11.74.

Veren Trading Down 1.3 %

Veren stock traded down C$0.11 during mid-day trading on Tuesday, reaching C$8.65. 9,810,293 shares of the company were exchanged, compared to its average volume of 5,042,088. The firm's fifty day simple moving average is C$7.56. Veren has a 12 month low of C$6.34 and a 12 month high of C$12.67. The company has a market cap of C$5.30 billion and a price-to-earnings ratio of 4.93.

Veren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, March 14th.

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About Veren

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.