Veren Inc. (TSE:VRN) Given Average Rating of “Buy” by Brokerages

Veren Inc. (TSE:VRN) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$11.89.

Several equities analysts have commented on the stock. Raymond James dropped their price target on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Scotiabank cut their price target on Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. ATB Capital decreased their price objective on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Canaccord Genuity Group cut their target price on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. Finally, CIBC decreased their price target on shares of Veren from C$15.00 to C$13.00 in a research note on Friday, November 1st.

Veren Trading Up 0.3 %

VRN stock opened at C$7.78 on Wednesday. The company has a fifty day moving average price of C$7.27. Veren has a 12-month low of C$6.34 and a 12-month high of C$12.67.

Veren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a dividend of $0.115 per share. The ex-dividend date was Friday, December 13th. This represents a $0.46 annualized dividend and a dividend yield of 5.91%.

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.