Veren Inc. (TSE:VRN) Receives C$11.83 Average PT from Analysts

Veren Inc. (TSE:VRN) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$11.83.

Several analysts have weighed in on VRN shares. National Bankshares boosted their price objective on Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. CIBC dropped their price objective on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th.

Veren Stock Performance

Shares of VRN stock opened at C$7.06 on Thursday. The stock has a market cap of C$4.33 billion and a PE ratio of 4.02. Veren has a 52 week low of C$6.34 and a 52 week high of C$12.67. The business has a fifty day moving average of C$7.49.

Veren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.115 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.52%.

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.