Veren Inc. (NYSE:VRN) Declares $0.08 Quarterly Dividend

Veren Inc. (NYSE:VRN) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Saturday, March 15th will be given a dividend of 0.0797 per share on Tuesday, April 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Friday, March 14th.

Veren Stock Performance

Veren stock traded up $0.21 during mid-day trading on Friday, reaching $5.46. 37,221,280 shares of the company were exchanged, compared to its average volume of 17,604,627. The firm’s 50-day simple moving average is $5.22 and its two-hundred day simple moving average is $5.73. Veren has a twelve month low of $4.39 and a twelve month high of $9.28. The firm has a market cap of $3.34 billion, a PE ratio of 3.90 and a beta of 2.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price objective on shares of Veren from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

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.