FY2027 Earnings Estimate for Veren Issued By Atb Cap Markets

Veren Inc. (TSE:VRN) – Atb Cap Markets dropped their FY2027 EPS estimates for Veren in a report released on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.65 per share for the year, down from their prior forecast of $0.66.

VRN has been the subject of a number of other reports. CIBC reduced their price objective on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Desjardins cut shares of Veren from a “buy” rating to a “tender” rating and increased their price objective for the stock from C$11.00 to C$12.60 in a research note on Tuesday. ATB Capital reduced their price objective on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday. National Bankshares raised their target price on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada cut their target price on shares of Veren from C$10.00 to C$9.75 and set an “outperform” rating for the company in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Veren has a consensus rating of “Buy” and an average target price of C$11.74.

Veren Trading Down 1.3 %

Shares of TSE VRN opened at C$8.65 on Thursday. The stock has a fifty day moving average price of C$7.56. The stock has a market capitalization of C$5.30 billion and a PE ratio of 4.93. 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.46 annualized dividend and a yield of 5.32%.

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.