Veren (TSE:VRN) Stock Price Expected to Rise, National Bankshares Analyst Says

Veren (TSE:VRN) had its target price boosted by stock analysts at National Bankshares from C$12.50 to C$13.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 71.28% from the company’s current price.

A number of other research firms have also recently issued reports on VRN. TD Securities decreased their target price on Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada lowered their price target on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating for the company in a report on Friday, November 1st. CIBC reduced their price objective on Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th. ATB Capital dropped their target price on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Scotiabank reduced 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$11.83.

Veren Trading Up 0.8 %

Shares of TSE VRN traded up C$0.06 during trading hours on Thursday, hitting C$7.59. 739,212 shares of the stock were exchanged, compared to its average volume of 3,428,383. The firm has a fifty day moving average of C$7.37. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

Veren (TSE:VRN) last issued its earnings results on Thursday, October 31st. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.04). During the same quarter in the previous year, the business earned $0.42 earnings per share.

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.