Veren Inc. (TSE:VRN) Receives C$11.89 Average PT from Analysts

Veren Inc. (TSE:VRN) has earned an average rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$11.83.

VRN has been the subject of several research reports. National Bankshares dropped their price target on Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Raymond James reduced their target price on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. ATB Capital decreased their price target on shares of Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets dropped their price objective on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Scotiabank decreased their target price on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

Veren Trading Up 0.3 %

Veren stock opened at C$7.91 on Wednesday. The firm has a 50-day moving average of C$7.32. Veren has a twelve month low of C$6.34 and a twelve month high of C$12.67.

Veren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Friday, December 13th.

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.