Veren Inc. (TSE:VRN - Get Free Report)'s share price was up 14.9% on Monday . The stock traded as high as C$8.39 and last traded at C$8.11. Approximately 17,339,819 shares traded hands during trading, an increase of 293% from the average daily volume of 4,417,027 shares. The stock had previously closed at C$7.06.
Wall Street Analyst Weigh In
A number of research firms have commented on VRN. Royal Bank of Canada reduced their price target on shares of Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a research report on Tuesday. National Bankshares boosted their price target on shares of Veren from C$12.50 to C$13.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Desjardins lowered shares of Veren from a "buy" rating to a "tender" rating and boosted their price target for the company from C$11.00 to C$12.60 in a research report on Tuesday. CIBC reduced their price target on shares of Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. Finally, ATB Capital reduced their price target on shares of Veren from C$11.00 to C$9.50 in a research report on Tuesday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$11.74.
View Our Latest Report on VRN
Veren Stock Up 2.1 %
The firm has a market capitalization of C$5.34 billion and a price-to-earnings ratio of 4.97. The firm has a 50 day moving average of C$7.58.
Veren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Friday, March 14th.
Veren Company Profile
(
Get Free Report)
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.
See Also
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