Veren Inc. (TSE:VRN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Veren Inc. (TSE:VRN) have been given an average rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$11.89.

VRN has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. ATB Capital decreased their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada dropped their price objective on Veren from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. BMO Capital Markets reduced their price objective on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, National Bankshares lowered their target price on Veren from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

Veren Price Performance

Veren stock opened at C$7.43 on Tuesday. Veren has a one year low of C$6.84 and a one year high of C$12.67.

Veren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, December 13th.

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.