Veren (TSE:VRN) Given New C$10.00 Price Target at Royal Bank of Canada

Veren (TSE:VRN) had its price objective dropped by equities researchers at Royal Bank of Canada from C$12.00 to C$10.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 45.56% from the stock’s current price.

Several other research firms have also commented on VRN. CIBC cut their price objective on Veren from C$15.00 to C$13.00 in a research report on Friday. Raymond James dropped their price objective on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a report on Friday. BMO Capital Markets decreased their price objective on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday. Canaccord Genuity Group lowered their price target on Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. Finally, Scotiabank decreased their price target on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$11.89.

Veren Trading Down 4.2 %

Shares of VRN stock traded down C$0.30 during trading hours on Friday, hitting C$6.87. 5,408,289 shares of the company were exchanged, compared to its average volume of 3,138,214. Veren has a 1 year low of C$6.87 and a 1 year high of C$12.67.

Veren Company Profile

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.