Veren Inc. (TSE:VRN - Get Free Report) traded up 16% during trading on Monday . The stock traded as high as C$8.39 and last traded at C$8.19. 27,269,131 shares traded hands during 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 brokerages recently commented on VRN. CIBC reduced their price objective 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 Veren from C$11.00 to C$9.50 in a research report on Tuesday. 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. Desjardins downgraded Veren from a "buy" rating to a "tender" rating and lifted their price target for the stock from C$11.00 to C$12.60 in a research note on Tuesday. Finally, 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Veren has a consensus rating of "Buy" and an average target price of C$11.74.
Check Out Our Latest Analysis on VRN
Veren Price Performance
The firm has a fifty day moving average price of C$7.58. The stock has a market cap of C$5.37 billion and a P/E ratio of 4.99.
Veren Dividend Announcement
The company 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 dividend of $0.115 per share. The ex-dividend date is Friday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.25%.
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.
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