Shares of Veren Inc. (TSE:VRN - Get Free Report) traded up 16% during trading on Tuesday . The company traded as high as C$8.39 and last traded at C$8.19. 27,269,131 shares were traded 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 Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a report on Tuesday. CIBC dropped their price objective on Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. 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. ATB Capital lowered their target price on Veren from C$11.00 to C$9.50 in a report on Tuesday. Finally, 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$11.74.
Read Our Latest Research Report on Veren
Veren Price Performance
The stock has a 50 day moving average of C$7.58. The stock has a market capitalization of C$5.37 billion and a PE ratio of 4.99.
Veren Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, March 14th.
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.
Featured Articles
Before you consider Veren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veren wasn't on the list.
While Veren currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
