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

Shares of Veren Inc. (TSE:VRN) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$11.89.

A number of research firms have recently issued reports on VRN. ATB Capital dropped their price objective on shares of Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock 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. BMO Capital Markets reduced their price target on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Raymond James dropped their price objective on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Finally, TD Securities reduced their target price on shares of Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Veren Trading Up 0.4 %

Shares of Veren stock opened at C$7.48 on Friday. Veren has a 1 year low of C$6.84 and a 1 year high of C$12.67.

Veren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 6.15%. The ex-dividend date is 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.