Veren Inc. (TSE:VRN) Receives Consensus Recommendation of “Buy” from Analysts

Veren Inc. (TSE:VRN) has earned an average rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$11.89.

VRN has been the topic of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Canaccord Genuity Group decreased their target price on shares of Veren from C$15.00 to C$14.00 in a research report on Tuesday, October 22nd. CIBC dropped their price target on shares of Veren from C$15.00 to C$13.00 in a research report on Friday, November 1st. Scotiabank decreased their price objective on Veren from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, ATB Capital dropped their target price on Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st.

Veren Trading Up 4.7 %

TSE VRN opened at C$6.69 on Friday. The stock has a fifty day moving average of C$7.43. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67.

Veren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd will be given a $0.115 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.46 dividend on an annualized basis and a yield of 6.88%.

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.