Veren (TSE:VRN) Given New C$12.00 Price Target at TD Securities

Veren (TSE:VRN) had its price objective reduced by TD Securities from C$15.00 to C$12.00 in a research report report published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

VRN has been the subject of a number of other reports. Scotiabank cut their price target on Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday. ATB Capital reduced their target price on shares of Veren from C$11.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday. CIBC dropped their price target on shares of Veren from C$15.00 to C$13.00 in a research note on Friday. Raymond James reduced their price objective 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. Finally, Royal Bank of Canada decreased their price objective on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$11.89.

Veren Stock Performance

Shares of VRN stock traded down C$0.23 on Friday, reaching C$6.94. The stock had a trading volume of 9,067,202 shares, compared to its average volume of 3,155,478. 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. Investors of record on Sunday, December 15th will be issued 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 6.63%.

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.