Veren Inc. (TSE:VRN) Receives C$11.74 Average Price Target from Brokerages

Veren Inc. (TSE:VRN) has been given a consensus rating of “Buy” by the seven research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$11.74.

Several equities analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on Veren from C$10.00 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Desjardins cut shares of Veren from a “buy” rating to a “tender” rating and raised their target price for the stock from C$11.00 to C$12.60 in a report on Tuesday, March 11th. ATB Capital decreased their target price on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday, March 11th. National Bankshares increased their price target on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, CIBC cut their price target on shares of Veren from C$13.00 to C$12.50 in a report on Friday, January 17th.

Veren Stock Up 0.7 %

Shares of TSE:VRN opened at C$9.54 on Monday. The company has a market capitalization of C$5.84 billion and a PE ratio of 5.43. The company’s 50-day moving average is C$8.03. Veren has a 12-month low of C$6.34 and a 12-month high of C$12.67.

Veren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were issued a $0.115 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 4.82%.

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.