Veren Inc. (TSE:VRN - Get Free Report) shares rose 13.9% during mid-day trading on Monday . The stock traded as high as C$8.36 and last traded at C$8.04. Approximately 5,251,652 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 4,116,081 shares. The stock had previously closed at C$7.06.
Analyst Ratings Changes
VRN has been the topic of several analyst reports. ATB Capital cut their target price on Veren from C$11.00 to C$9.50 in a research note on Tuesday. National Bankshares raised their price target on Veren from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada lowered their price target on Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a report on Tuesday. CIBC lowered their price target on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Finally, Desjardins downgraded Veren from a "buy" rating to a "tender" rating and raised their price target for the stock from C$11.00 to C$12.60 in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Veren currently has a consensus rating of "Buy" and an average target price of C$11.74.
View Our Latest Report on VRN
Veren Trading Up 1.4 %
The stock has a market capitalization of C$5.37 billion and a PE ratio of 4.99. The firm has a fifty day moving average price of C$7.58.
Veren Dividend Announcement
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, March 14th.
About Veren
(
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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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