Analysts Set Veren Inc. (TSE:VRN) Price Target at C$11.83

Veren Inc. (TSE:VRN) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$11.83.

A number of equities research analysts have weighed in on VRN shares. Scotiabank decreased their price target on shares of 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. Royal Bank of Canada decreased their target price on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Securities dropped their price target on shares of Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, November 1st. CIBC decreased their price objective on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Finally, BMO Capital Markets dropped their target price on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st.

Veren Price Performance

Shares of VRN stock opened at C$7.42 on Friday. The company has a market cap of C$4.55 billion and a P/E ratio of 4.23. Veren has a 12 month low of C$6.34 and a 12 month high of C$12.67. The stock has a 50 day moving average price of C$7.38.

Veren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend was 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.