Brokerages Set Veren Inc. (TSE:VRN) PT at C$11.89

Shares of Veren Inc. (TSE:VRN) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$11.83.

A number of equities research analysts recently weighed in on the company. ATB Capital dropped their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Securities cut their price target on Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, November 1st. BMO Capital Markets decreased their price objective on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. 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. Finally, National Bankshares decreased their price target on shares of Veren from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Veren Trading Down 2.7 %

Shares of VRN stock opened at C$7.86 on Wednesday. The company has a fifty day moving average of C$7.34. Veren has a one year low of C$6.34 and a one year high of C$12.67.

Veren (TSE:VRN) last posted its earnings results on Thursday, October 31st. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.04). During the same period last year, the company earned $0.42 EPS.

Veren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a $0.115 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.46 annualized dividend and a dividend yield of 5.85%.

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.