Veren Inc. (TSE:VRN - Get Free Report)'s share price was up 16% during mid-day trading on Monday . The stock traded as high as C$8.39 and last traded at C$8.19. Approximately 27,269,131 shares changed hands during trading, an increase of 486% from the average daily volume of 4,652,672 shares. The stock had previously closed at C$7.06.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Desjardins lowered Veren from a "buy" rating to a "tender" rating and increased their price target for the stock from C$11.00 to C$12.60 in a research note on Tuesday. Royal Bank of Canada reduced their target price on Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a research report on Tuesday. ATB Capital lowered their price target on Veren from C$11.00 to C$9.50 in a report on Tuesday. CIBC decreased their target price on shares of Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. Finally, National Bankshares boosted their price target on Veren from C$12.50 to C$13.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$11.74.
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Veren Price Performance
The company has a market cap of C$5.37 billion and a PE ratio of 4.99. The business has a 50 day simple moving average of C$7.58.
Veren Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be given a $0.115 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 5.25%.
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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