Veren (TSE:VRN) Price Target Cut to C$11.00 by Analysts at BMO Capital Markets

Veren (TSE:VRN) had its target price reduced by analysts at BMO Capital Markets from C$14.00 to C$11.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 60.12% from the stock’s previous close.

VRN has been the topic of several other research reports. Raymond James raised shares of Veren to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group dropped their target price on Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Veren has a consensus rating of “Buy” and a consensus target price of C$11.89.

Veren Stock Down 4.2 %

VRN traded down C$0.30 during midday trading on Friday, hitting C$6.87. The company had a trading volume of 5,408,289 shares, compared to its average volume of 3,138,214. Veren has a 52 week low of C$6.87 and a 52 week high of C$12.67.

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.