Veren (TSE:VRN) Given New C$13.00 Price Target at National Bankshares

Veren (TSE:VRN) had its price objective upped by National Bankshares from C$12.50 to C$13.00 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on VRN. Canaccord Genuity Group lowered their price target on Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd. BMO Capital Markets decreased their target price on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Raymond James cut their price target on shares of Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. TD Securities decreased their price objective 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. Finally, ATB Capital cut their target price on 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$11.83.

Veren Stock Up 0.8 %

VRN stock opened at C$7.59 on Thursday. The firm’s 50 day simple moving average is C$7.38. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67.

Veren (TSE:VRN) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.04). During the same quarter last year, the firm posted $0.42 earnings per share.

Veren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.46 dividend on an annualized basis and a yield of 6.06%.

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.