Veren Inc. (NYSE:VRN – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.95 and last traded at $5.98, with a volume of 1597870 shares. The stock had previously closed at $6.05.
Analyst Upgrades and Downgrades
VRN has been the subject of a number of recent analyst reports. Scotiabank reduced their price objective on shares of Veren from $16.00 to $15.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Raymond James started coverage on Veren in a research report on Friday, October 18th. They set a “strong-buy” rating and a $13.00 price target for the company.
Check Out Our Latest Report on Veren
Veren Price Performance
Institutional Trading of Veren
Several hedge funds and other institutional investors have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. bought a new stake in Veren during the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC purchased a new position in Veren during the 2nd quarter valued at about $42,000. Pacifica Partners Inc. bought a new stake in shares of Veren during the second quarter valued at about $61,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Veren in the third quarter worth about $79,000. Finally, Fifth Third Bancorp bought a new position in shares of Veren in the second quarter valued at approximately $85,000. Institutional investors own 49.37% of the company’s stock.
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.
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