Veren Inc. (TSE:VRN - Get Free Report) shares were up 16.3% during trading on Monday . The company traded as high as C$8.39 and last traded at C$8.21. Approximately 14,841,724 shares changed hands during trading, an increase of 244% from the average daily volume of 4,314,159 shares. The stock had previously closed at C$7.06.
Wall Street Analyst Weigh In
VRN has been the subject of a number of recent analyst reports. National Bankshares upped their target price on Veren from C$12.50 to C$13.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. ATB Capital decreased their target price on Veren from C$11.00 to C$9.50 in a research report on Tuesday. Desjardins lowered Veren from a "buy" rating to a "tender" rating and lifted their price target for the company from C$11.00 to C$12.60 in a research report on Tuesday. CIBC decreased their price objective on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Finally, Royal Bank of Canada lowered their price objective on Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$11.74.
View Our Latest Research Report on VRN
Veren Price Performance
The firm has a 50 day simple moving average of C$7.58. The company has a market cap of C$5.34 billion and a PE ratio of 4.97.
Veren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, March 14th.
Veren Company Profile
(
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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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