National Bankshares Raises Veren (TSE:VRN) Price Target to C$13.00

Veren (TSE:VRN) had its price target boosted by National Bankshares from C$12.50 to C$13.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 71.28% from the stock’s previous close.

A number of other research firms have also recently commented on VRN. 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. ATB Capital reduced their target price 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 dropped their price target on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. CIBC cut their price target on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Finally, TD Securities decreased their price objective on shares of Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Veren has an average rating of “Buy” and an average target price of C$11.83.

Veren Stock Performance

Shares of TSE:VRN traded up C$0.06 during midday trading on Thursday, reaching C$7.59. The company had a trading volume of 739,212 shares, compared to its average volume of 3,428,383. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67. The company’s 50 day moving average is C$7.37.

Veren (TSE:VRN) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.04). During the same quarter in the prior year, the company earned $0.42 EPS.

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.