Veren Inc. (TSE:VRN - Get Free Report)'s stock price was up 16% during trading on Monday . The company traded as high as C$8.39 and last traded at C$8.19. Approximately 27,269,131 shares traded 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.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on VRN shares. Desjardins cut Veren from a "buy" rating to a "tender" rating and raised their target price for the company from C$11.00 to C$12.60 in a research report on Tuesday. CIBC lowered their price objective on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. ATB Capital lowered their price objective on Veren from C$11.00 to C$9.50 in a report on Tuesday. National Bankshares lifted their price objective on Veren from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price objective on Veren from C$10.00 to C$9.75 and set an "outperform" rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$11.74.
Get Our Latest Stock Report on Veren
Veren Stock Up 2.0 %
The stock has a 50 day moving average of C$7.58. The firm has a market capitalization of C$5.34 billion and a price-to-earnings ratio of 4.96.
Veren Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 5.28%. 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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