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

Shares of Veren Inc. (TSE:VRN) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$11.89.

Several research analysts have recently issued reports on the stock. Raymond James reduced their target price on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Scotiabank reduced their price objective on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note 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 report on Tuesday, October 22nd. ATB Capital reduced their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, TD Securities decreased their price objective on Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Veren Stock Performance

Veren stock opened at C$7.44 on Tuesday. Veren has a 12-month low of C$6.84 and a 12-month high of C$12.67.

Veren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, December 13th.

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.