Analysts Set Veren Inc. (TSE:VRN) Target Price at C$14.00

Shares of Veren Inc. (TSE:VRN) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$11.89.

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group lowered their price objective on Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd. CIBC lowered their price objective on Veren from C$15.00 to C$13.00 in a research report on Friday, November 1st. TD Securities lowered their price objective on 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. Finally, Royal Bank of Canada lowered their price objective on Veren from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Veren Stock Performance

TSE:VRN opened at C$7.35 on Friday. Veren has a twelve month low of C$6.84 and a twelve month high of C$12.67.

Veren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.46 annualized dividend and a yield of 6.26%.

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.