Shares of Veren Inc. (TSE:VRN - Get Free Report) were up 13.9% during trading on Monday . The company traded as high as C$8.36 and last traded at C$8.04. Approximately 5,251,652 shares traded hands during trading, an increase of 28% from the average daily volume of 4,116,081 shares. The stock had previously closed at C$7.06.
Analysts Set New Price Targets
A number of analysts have commented on VRN shares. ATB Capital decreased their price target on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a research note on Tuesday. CIBC reduced their target price on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. National Bankshares upped their target price on shares of Veren from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Desjardins lowered shares of Veren from a "buy" rating to a "tender" rating and upped their target price for the stock from C$11.00 to C$12.60 in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$11.74.
Check Out Our Latest Stock Report on Veren
Veren Stock Performance
The company has a market cap of C$5.37 billion and a P/E ratio of 4.99. The business's 50-day moving average price is C$7.58.
Veren Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be given a dividend of $0.115 per share. The ex-dividend date is Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 5.25%.
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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