Veren Inc. (TSE:VRN) Receives C$14.00 Average Price Target from Brokerages

Veren Inc. (TSE:VRN) has been given an average recommendation of “Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$11.89.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced 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 report on Friday. Canaccord Genuity Group dropped their price target on Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. National Bankshares dropped their price target on Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada dropped their price target on Veren from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Scotiabank dropped 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.

Veren Stock Down 3.2 %

VRN 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, December 13th.

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.