Veren (TSE:VRN) Given New C$13.00 Price Target at National Bankshares

Veren (TSE:VRN) had its target price increased by National Bankshares from C$12.50 to C$13.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the stock. CIBC lowered their price target on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Raymond James lowered their target price on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. ATB Capital reduced their price target on Veren from C$11.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Securities lowered their price objective on Veren from C$15.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, BMO Capital Markets cut their target price on shares of Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$11.83.

Veren Stock Performance

Shares of TSE VRN opened at C$7.59 on Thursday. The firm’s 50-day moving average price is C$7.38. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67.

Veren (TSE:VRN) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.04). During the same period in the previous year, the firm earned $0.42 EPS.

Veren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date was 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.