Veren Inc. (TSE:VRN) Plans Quarterly Dividend of $0.12

Veren Inc. (TSE:VRN) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.115 per share on Tuesday, April 1st. This represents a $0.46 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, March 14th.

Veren Stock Up 3.0 %

Shares of VRN stock traded up C$0.25 during trading hours on Wednesday, hitting C$8.70. 2,908,522 shares of the company were exchanged, compared to its average volume of 4,809,515. Veren has a 52 week low of C$6.34 and a 52 week high of C$12.67. The company has a 50 day moving average of C$7.53. The stock has a market cap of C$5.33 billion and a P/E ratio of 4.95.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. CIBC reduced their target price on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. ATB Capital cut their price objective on shares of Veren from C$11.00 to C$9.50 in a research report on Tuesday. Royal Bank of Canada decreased their target price on shares of Veren from C$10.00 to C$9.75 and set an “outperform” rating for the company in a research report on Tuesday. Desjardins cut shares of Veren from a “buy” rating to a “tender” rating and boosted their price target for the stock from C$11.00 to C$12.60 in a research report on Tuesday. Finally, National Bankshares increased their price objective on shares of Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$11.74.

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.