Veren Inc. (TSE:VRN) Receives C$11.83 Consensus Target Price from Analysts

Shares of Veren Inc. (TSE:VRN) have earned an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$11.83.

Several research firms have recently issued reports on VRN. National Bankshares boosted their price target on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Royal Bank of Canada lowered their target price on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Canaccord Genuity Group reduced their target price on Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. Scotiabank lowered their price target on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, CIBC cut their price objective on shares of Veren from C$13.00 to C$12.50 in a research report on Friday, January 17th.

Veren Trading Up 0.5 %

Shares of Veren stock opened at C$7.70 on Friday. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67. The firm has a 50-day moving average price of C$7.37.

Veren Announces Dividend

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. This represents a $0.46 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Friday, December 13th.

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.