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Veresen (TSE:VSN) was downgraded by investment analysts at CIBC from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Haywood Securities raised their price target on shares of Veresen from C$3.00 to C$21.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Veresen presently has an average rating of “Hold” and an average price target of C$17.46.

Veresen (TSE:VSN) traded down 0.96% on Thursday, hitting $19.50. 430,535 shares of the company’s stock traded hands. Veresen has a 52 week low of $11.37 and a 52 week high of $19.80. The stock has a 50-day moving average of $18.53 and a 200-day moving average of $16.64. The company has a market cap of $4.285 billion and a price-to-earnings ratio of 46.88.

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. Analysts expect that Veresen will post $0.19 EPS for the current fiscal year.

The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Thursday, July 31st will be given a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, July 29th.

Veresen Inc is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses.

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