Veren Inc. (VRN) To Go Ex-Dividend on December 13th

Veren Inc. (NYSE:VRN) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Sunday, December 15th will be given a dividend of 0.085 per share on Thursday, January 2nd. This represents a $0.34 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Veren’s previous quarterly dividend of $0.08.

Veren Stock Performance

NYSE VRN opened at $4.97 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.49 and a quick ratio of 0.49. Veren has a 52 week low of $4.90 and a 52 week high of $9.28. The firm has a market cap of $3.06 billion, a PE ratio of -82.82 and a beta of 2.14. The company has a fifty day moving average price of $6.39.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VRN. Scotiabank dropped their price objective on Veren from $16.00 to $15.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Royal Bank of Canada cut their price objective on shares of Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Raymond James began coverage on shares of Veren in a report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 target price for the company.

About Veren

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.