Veresen (VSN) Releases Quarterly Earnings, Misses Expectations By $0.03 EPS
Veresen (TSE:VSN) issued its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.03, Analyst Ratings Network reports.
Shares of Veresen (TSE:VSN) opened at 18.19 on Friday. Veresen has a 52 week low of $11.54 and a 52 week high of $19.80. The stock has a 50-day moving average of $18.84 and a 200-day moving average of $16.95. The company has a market cap of $3.997 billion and a price-to-earnings ratio of 43.71.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 22nd. Stockholders 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.
A number of analysts have recently weighed in on VSN shares. Analysts at Scotiabank raised their price target on shares of Veresen from C$18.00 to C$19.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. On the ratings front, analysts at CIBC downgraded shares of Veresen from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 24th. Finally, 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$17.68.
Veresen Inc is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses.
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