Veren (TSE:VRN) Price Target Lowered to C$9.50 at ATB Capital

Veren (TSE:VRN) had its target price decreased by ATB Capital from C$11.00 to C$9.50 in a note issued to investors on Tuesday,BayStreet.CA reports. ATB Capital’s price target suggests a potential upside of 13.37% from the stock’s previous close.

A number of other research firms also recently commented on VRN. CIBC reduced their price objective on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. National Bankshares boosted their price target on Veren from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Six 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 stock currently has an average rating of “Buy” and a consensus target price of C$11.74.

Veren Stock Performance

VRN stock traded up C$0.19 during trading hours on Tuesday, reaching C$8.38. 9,491,778 shares of the stock were exchanged, compared to its average volume of 4,745,107. The firm’s 50-day simple moving average is C$7.49. Veren has a 12 month low of C$6.34 and a 12 month high of C$12.67. The company has a market cap of C$5.13 billion and a P/E ratio of 4.77.

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.