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

Veren Inc. (TSE:VRN) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$11.89.

VRN has been the topic of several analyst reports. National Bankshares dropped their target price on Veren from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank dropped their price objective on 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. ATB Capital decreased their target price on shares of Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Canaccord Genuity Group decreased their price objective on shares of Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd.

Veren Trading Up 2.3 %

Shares of TSE:VRN opened at C$7.08 on Friday. The business’s 50-day simple moving average is C$7.39. Veren has a one year low of C$6.34 and a one year high of C$12.67.

Veren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is 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.