National Bankshares Has Lowered Expectations for Veren (TSE:VRN) Stock Price

Veren (TSE:VRN) had its target price decreased by analysts at National Bankshares from C$13.50 to C$13.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 87.32% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Raymond James reduced their price objective on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a research note on Friday. Scotiabank cut their price target on Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets lowered their price objective on Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday. Canaccord Genuity Group dropped their price objective on Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. Finally, CIBC decreased their target price on Veren from C$15.00 to C$13.00 in a research note on Friday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$11.89.

Veren Stock Down 3.2 %

Shares of Veren stock opened at C$6.94 on Friday. Veren has a one year low of C$6.84 and a one year high of C$12.67.

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.