FY2027 Earnings Estimate for Veren Issued By Atb Cap Markets

Veren Inc. (TSE:VRN) – Equities researchers at Atb Cap Markets dropped their FY2027 EPS estimates for Veren in a research note issued on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.65 per share for the year, down from their previous estimate of $0.66.

Several other brokerages also recently issued reports on VRN. Desjardins downgraded shares of Veren from a “buy” rating to a “tender” rating and upped their target price for the stock from C$11.00 to C$12.60 in a research note on Tuesday. ATB Capital lowered their price objective on shares of Veren from C$11.00 to C$9.50 in a research report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Veren from C$10.00 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday. CIBC lowered their price objective on shares of Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. Finally, National Bankshares increased their price objective on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Veren has a consensus rating of “Buy” and an average price target of C$11.74.

Veren Trading Down 1.3 %

Shares of TSE VRN opened at C$8.65 on Thursday. The business has a 50 day moving average price of C$7.56. The company has a market capitalization of C$5.30 billion and a P/E ratio of 4.93. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67.

Veren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 5.32%.

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.