Veren Inc. (TSE:VRN) Receives Average Recommendation of “Buy” from Analysts

Shares of Veren Inc. (TSE:VRN) have been given an average rating of “Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$11.89.

Several equities research analysts have commented on the stock. Raymond James lowered their target price 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. BMO Capital Markets lowered their price objective on shares of 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. Scotiabank reduced their target price 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. National Bankshares lowered their price target on Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Canaccord Genuity Group cut their price objective on Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd.

Veren Price Performance

Shares of VRN stock opened at C$6.69 on Friday. The company has a 50-day moving average of C$7.43. Veren has a one year low of C$6.34 and a one year high of C$12.67.

Veren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.115 per share. The ex-dividend date is Friday, December 13th. This represents a $0.46 annualized dividend and a dividend yield of 6.88%.

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.