Canaccord Genuity Group Lowers Veren (TSE:VRN) Price Target to C$14.00

Veren (TSE:VRN) had its price objective lowered by research analysts at Canaccord Genuity Group from C$15.00 to C$14.00 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 65.29% from the company’s current price.

Separately, Raymond James raised Veren to a “strong-buy” rating in a report on Thursday, October 17th.

Veren Trading Up 1.9 %

Shares of Veren stock traded up C$0.16 on Tuesday, reaching C$8.47. 1,912,282 shares of the company were exchanged, compared to its average volume of 3,062,240. Veren has a 1-year low of C$8.15 and a 1-year high of C$12.67.

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.