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

Shares of Veren Inc. (TSE:VRN) have earned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat.com 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 a report on the stock in the last year is C$11.89.

A number of equities research analysts recently issued reports on the company. TD Securities lowered their price objective on Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. National Bankshares reduced their price objective on shares of Veren from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Raymond James dropped their target price on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Finally, BMO Capital Markets reduced their price target on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Veren Stock Down 1.7 %

TSE:VRN opened at C$7.45 on Tuesday. Veren has a 1 year low of C$6.84 and a 1 year high of C$12.67.

Veren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.17%.

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.