Veren (TSE:VRN) Given New C$11.00 Price Target at BMO Capital Markets

Veren (TSE:VRN) had its price objective cut by BMO Capital Markets from C$14.00 to C$11.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group dropped their target price on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. Raymond James upgraded shares of Veren to a “strong-buy” rating in a report on Thursday, October 17th. Six 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 stock presently has a consensus rating of “Buy” and a consensus price target of C$11.89.

Veren Stock Performance

Shares of TSE:VRN traded down C$0.23 on Friday, hitting C$6.94. 9,067,202 shares of the company traded hands, compared to its average volume of 3,155,478. Veren has a 52 week low of C$6.84 and a 52 week high of C$12.67.

Veren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, December 13th.

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.