National Bankshares Lowers Veren (TSE:VRN) Price Target to C$13.00

Veren (TSE:VRN) had its price target reduced by National Bankshares from C$13.50 to C$13.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. CIBC dropped their price target on Veren from C$15.00 to C$13.00 in a research report on Friday. BMO Capital Markets cut their price target on Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday. Scotiabank lowered their price objective on Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Raymond James cut 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 note on Friday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Veren currently has a consensus rating of “Buy” and an average target price of C$11.89.

Veren Price Performance

Shares of VRN stock traded down C$0.23 on Friday, hitting C$6.94. 9,067,202 shares of the stock traded hands, 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 Dividend Announcement

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 issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is 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.