Veren Inc. (TSE:VRN – Get Free Report) has received a consensus rating of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$11.83.
A number of analysts have issued reports on VRN shares. Raymond James cut their price objective on shares of 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. ATB Capital cut their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada cut their target price 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. National Bankshares decreased their price target on Veren from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Scotiabank cut their price objective on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.
Veren Price Performance
Veren Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 5.82%. 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.
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