Veren Inc. (TSE:VRN) Receives C$11.89 Average PT from Analysts

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

VRN has been the subject of a number of recent research reports. ATB Capital cut their target price on shares of Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st. National Bankshares dropped their price objective on shares of Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. BMO Capital Markets decreased their target price on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Raymond James lowered 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 report on Friday, November 1st. Finally, CIBC decreased their price objective on Veren from C$15.00 to C$13.00 in a research report on Friday, November 1st.

Veren Price Performance

Veren has a 1-year low of C$6.84 and a 1-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. Shareholders of record on Sunday, December 15th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of ∞. The ex-dividend date is Friday, December 13th.

About Veren

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.