Veren Inc. (TSE:VRN) Receives Consensus Rating of “Buy” from Brokerages

Veren Inc. (TSE:VRN) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$11.83.

VRN has been the topic of several research reports. CIBC dropped their target price on Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. National Bankshares increased their price objective on Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th.

Veren Trading Down 0.1 %

Shares of TSE:VRN opened at C$7.08 on Thursday. The stock has a market capitalization of C$4.34 billion and a price-to-earnings ratio of 4.03. Veren has a 1 year low of C$6.34 and a 1 year high of C$12.67. The stock’s fifty day moving average price is C$7.49.

Veren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, March 14th.

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.