Veren Inc. (TSE:VRN - Get Free Report) was up 15.9% during mid-day trading on Monday . The stock traded as high as C$8.39 and last traded at C$8.18. Approximately 14,926,928 shares changed hands during trading, an increase of 246% from the average daily volume of 4,314,159 shares. The stock had previously closed at C$7.06.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. 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. Royal Bank of Canada decreased their target price on shares of Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a report on Tuesday. Desjardins cut shares of Veren from a "buy" rating to a "tender" rating and increased their price target for the company from C$11.00 to C$12.60 in a research note on Tuesday. National Bankshares lifted 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. Finally, ATB Capital lowered their price target on Veren from C$11.00 to C$9.50 in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$11.74.
View Our Latest Analysis on Veren
Veren Trading Up 2.1 %
The company has a market cap of C$5.34 billion and a P/E ratio of 4.97. The stock has a fifty day moving average price of C$7.58.
Veren Dividend Announcement
The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 5.28%.
About Veren
(
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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