ATB Capital Lowers Veren (TSE:VRN) Price Target to C$9.50

Veren (TSE:VRN) had its price objective decreased by analysts at ATB Capital from C$11.00 to C$9.50 in a research report issued on Tuesday,BayStreet.CA reports. ATB Capital’s target price would indicate a potential upside of 8.45% from the stock’s current price.

Several other brokerages also recently issued reports on VRN. National Bankshares raised their price target on Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. CIBC dropped their price target on Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Veren has an average rating of “Buy” and a consensus price target of C$11.74.

Veren Stock Performance

TSE:VRN opened at C$8.76 on Tuesday. The company has a 50 day moving average price of C$7.53. The company has a market capitalization of C$5.37 billion and a price-to-earnings ratio of 4.99. Veren has a 12 month low of C$6.34 and a 12 month high of C$12.67.

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.