Veren Inc. (NYSE:VRN) to Issue $0.08 Quarterly Dividend

Veren Inc. (NYSE:VRN) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Saturday, March 15th will be paid a dividend of 0.0797 per share on Tuesday, April 1st. This represents a $0.32 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Friday, March 14th.

Veren Stock Performance

Shares of NYSE:VRN traded up $0.21 on Friday, hitting $5.46. The company had a trading volume of 36,997,325 shares, compared to its average volume of 17,581,625. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 3.90 and a beta of 2.10. The stock has a 50 day moving average price of $5.20 and a 200 day moving average price of $5.74. Veren has a 1-year low of $4.39 and a 1-year high of $9.28. 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

Separately, Royal Bank of Canada cut 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.

About Veren

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.