Veren Inc. (NYSE:VRN) to Issue Quarterly Dividend of $0.09

Veren Inc. (NYSE:VRN) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Stockholders of record on Sunday, December 15th will be given a dividend of 0.085 per share on Thursday, January 2nd. This represents a $0.34 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, December 13th. This is an increase from Veren’s previous quarterly dividend of $0.08.

Veren Price Performance

NYSE:VRN opened at $4.95 on Wednesday. The company has a market capitalization of $3.04 billion, a P/E ratio of 3.53 and a beta of 2.16. Veren has a 12 month low of $4.90 and a 12 month high of $9.28. The business’s 50-day moving average is $5.66 and its 200 day moving average is $6.76. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Raymond James assumed coverage on Veren in a research note on Friday, October 18th. They set a “strong-buy” rating and a $13.00 price objective on the stock.

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.