FY2027 Earnings Forecast for Veren Issued By Atb Cap Markets

Veren Inc. (TSE:VRN) – Atb Cap Markets decreased their FY2027 EPS estimates for shares of Veren in a report issued on Tuesday, March 11th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.65 per share for the year, down from their prior estimate of $0.66.

Several other equities analysts also recently commented on VRN. CIBC lowered their target price on shares of Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Royal Bank of Canada cut their price objective on shares of Veren from C$10.00 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday. Desjardins cut shares of Veren from a “buy” rating to a “tender” rating and boosted their target price for the company from C$11.00 to C$12.60 in a research note on Tuesday. National Bankshares upped their target price on shares of Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, ATB Capital lowered their target price on shares of Veren from C$11.00 to C$9.50 in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$11.74.

Veren Price Performance

Shares of Veren stock opened at C$8.76 on Thursday. The business has a 50-day moving average price of C$7.53. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67. The stock has a market capitalization of C$5.37 billion and a PE ratio of 4.99.

Veren Announces Dividend

The business 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 $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Friday, March 14th.

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.