Veren Inc. (TSE:VRN) Receives C$11.89 Consensus Target Price from Analysts

Shares of Veren Inc. (TSE:VRN) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$11.89.

Several research analysts recently weighed in on VRN shares. BMO Capital Markets cut their target price on 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. TD Securities cut their price objective on Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank reduced their price objective on Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. CIBC dropped their target price on shares of Veren from C$15.00 to C$13.00 in a research report on Friday, November 1st. Finally, Canaccord Genuity Group cut their price target on shares of Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd.

Veren Stock Down 0.1 %

Veren stock opened at C$7.07 on Friday. Veren has a 1 year low of C$6.34 and a 1 year high of C$12.67. The firm has a 50 day moving average of C$7.38.

Veren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 6.51%. 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.