ATB Capital Cuts Veren (TSE:VRN) Price Target to C$9.50

Veren (TSE:VRN) had its price objective cut by ATB Capital from C$11.00 to C$9.50 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on VRN. National Bankshares boosted 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. CIBC reduced their price objective on Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$11.74.

Veren Stock Performance

Shares of VRN opened at C$8.65 on Tuesday. The stock has a market cap of C$5.30 billion and a price-to-earnings ratio of 4.93. The company’s fifty day moving average is C$7.56. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

Veren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.46 dividend on an annualized basis 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.