Veren Inc. (TSE:VRN - Get Free Report)'s stock price was up 16% on Tuesday . 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
Several analysts have recently weighed in on VRN shares. Desjardins downgraded Veren from a "buy" rating to a "tender" rating and lifted their target price for the stock from C$11.00 to C$12.60 in a research report on Tuesday. CIBC decreased their target price on Veren from C$13.00 to C$12.50 in a research report 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 lifted their price objective on Veren from C$12.50 to C$13.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada decreased their price objective on Veren from C$10.00 to C$9.75 and set an "outperform" rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$11.74.
Check Out Our Latest Report on Veren
Veren Trading Up 1.4 %
The business's 50 day moving average price is C$7.58. The company has a market cap of C$5.37 billion and a P/E ratio of 4.99.
Veren Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be paid 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 5.25%.
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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