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

Shares of Veren Inc. (TSE:VRN) have received an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$11.89.

A number of equities analysts recently weighed in on the company. Raymond James reduced their price target on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. BMO Capital Markets dropped their price objective on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Canaccord Genuity Group lowered their price target on shares of Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada decreased their price objective on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Scotiabank lowered their target price on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Veren Stock Up 3.4 %

TSE:VRN opened at C$6.92 on Friday. The company’s 50 day moving average price is C$7.41. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

Veren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date is Friday, December 13th.

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.