TD Securities Lowers Veren (TSE:VRN) Price Target to C$12.00

Veren (TSE:VRN) had its price objective lowered by analysts at TD Securities from C$15.00 to C$12.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 72.91% from the stock’s previous close.

A number of other research firms have also recently issued reports on VRN. ATB Capital cut their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday. National Bankshares reduced their target price on shares of Veren from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday. Canaccord Genuity Group lowered their price target on shares of Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. Finally, Raymond James reduced their price objective on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a report on Friday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$11.89.

Veren Trading Down 3.2 %

Shares of VRN opened at C$6.94 on Friday. Veren has a 52-week low of C$6.84 and a 52-week 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.