Veren Inc. (TSE:VRN - Get Free Report)'s stock price traded up 16% on Tuesday . The stock traded as high as C$8.39 and last traded at C$8.19. 27,269,131 shares changed hands during mid-day trading, an increase of 486% from the average session volume of 4,652,672 shares. The stock had previously closed at C$7.06.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a research note on Tuesday. National Bankshares raised 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. CIBC decreased their target price on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. ATB Capital decreased their target price on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday. Finally, Desjardins cut shares of Veren from a "buy" rating to a "tender" rating and raised their target price for the stock from C$11.00 to C$12.60 in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Veren presently has an average rating of "Buy" and a consensus target price of C$11.74.
Get Our Latest Report on VRN
Veren Stock Up 1.4 %
The firm's fifty day simple moving average is C$7.58. The firm has a market capitalization of C$5.37 billion and a PE ratio of 4.99.
Veren Dividend Announcement
The firm 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 $0.115 dividend. 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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