Veren (TSE:VRN – Get Free Report) had its price target decreased by BMO Capital Markets from C$14.00 to C$11.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 58.50% from the stock’s previous close.
Several other brokerages also recently commented on VRN. Canaccord Genuity Group dropped their target price on shares of Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. Raymond James upgraded Veren to a “strong-buy” rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$11.89.
Veren Stock Performance
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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