Veren Inc. (TSE:VRN) Receives Consensus Recommendation of “Buy” from Analysts

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

Several equities analysts have issued reports on the company. TD Securities dropped their price target on Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Canaccord Genuity Group decreased 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 cut their target price 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. Scotiabank decreased their price target on Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Veren Price Performance

Shares of Veren stock opened at C$7.91 on Wednesday. The stock’s 50-day simple moving average is C$7.32. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

Veren Dividend Announcement

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

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.