Veresen Inc Announces Dividend of C$0.08 (VSN)
Veresen (TSE:VSN) announced a dividend on Wednesday, May 21st, StockRatingsNetwork reports. Investors of record on Friday, May 30th will be paid a dividend of 0.0763 per share on Monday, June 23rd. The ex-dividend date is Wednesday, May 28th.
A number of analysts have recently weighed in on VSN shares. Analysts at Canaccord Genuity cut their price target on shares of Veresen to C$16.50 in a research note on Wednesday, May 7th. They now have a “hold” rating on the stock. On a related note, analysts at GMP Securities initiated coverage on shares of Veresen in a research note on Monday, April 28th. They set a “hold” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Veresen from C$15.00 to C$15.75 in a research note on Monday, April 7th. They now have a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$16.32.
Shares of Veresen (TSE:VSN) opened at 16.61 on Thursday. Veresen has a 1-year low of $11.37 and a 1-year high of $16.98. The stock’s 50-day moving average is $16.32 and its 200-day moving average is $15.24. The company has a P/E ratio of 39.12.
Veresen (TSE:VSN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.10.
Veresen Inc is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses.
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