Veren (TSE:VRN) Given New C$9.50 Price Target at ATB Capital

Veren (TSE:VRN) had its price objective lowered by ATB Capital from C$11.00 to C$9.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. ATB Capital’s price objective points to a potential upside of 13.37% from the company’s current price.

Several other analysts also recently weighed in on the company. National Bankshares upped their price objective on Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. CIBC dropped their price objective on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.74.

Veren Stock Performance

Shares of Veren stock traded up C$0.19 on Tuesday, reaching C$8.38. 9,491,778 shares of the stock were exchanged, compared to its average volume of 4,745,107. The stock has a market cap of C$5.13 billion and a price-to-earnings ratio of 4.77. The firm’s 50 day simple moving average is C$7.49. Veren has a one year low of C$6.34 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.