Veren Inc. (NYSE:VRN) Plans Quarterly Dividend of $0.09

Veren Inc. (NYSE:VRN) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Sunday, December 15th will be paid a dividend of 0.085 per share on Thursday, January 2nd. This represents a $0.34 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Veren’s previous quarterly dividend of $0.08.

Veren Stock Performance

Shares of VRN stock opened at $4.97 on Friday. Veren has a 52 week low of $4.90 and a 52 week high of $9.28. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $6.39. The firm has a market cap of $3.06 billion, a P/E ratio of -82.82 and a beta of 2.14.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank dropped their price target on Veren from $16.00 to $15.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada reduced their price target on Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Raymond James assumed coverage on shares of Veren in a report on Friday, October 18th. They issued a “strong-buy” rating and a $13.00 price objective on the stock.

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.