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

Veren Inc. (TSE:VRN) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$11.83.

Several analysts have issued reports on the company. Scotiabank dropped their price target 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. BMO Capital Markets reduced their price target on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Raymond James lowered their price objective on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. TD Securities reduced their target price on shares of Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Canaccord Genuity Group lowered their price target on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd.

Veren Price Performance

Shares of VRN opened at C$7.86 on Wednesday. The company has a 50 day simple moving average of C$7.34. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67.

Veren (TSE:VRN) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.04). During the same quarter in the prior year, the business posted $0.42 EPS.

Veren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was 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.