Veresen Inc (TSE:VSN) Set to Announce Earnings on Wednesday
Veresen Inc (TSE:VSN) is set to post its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Veresen to post earnings of $0.16 per share for the quarter.
Shares of Veresen Inc (TSE:VSN) opened at 18.46 on Wednesday. The stock’s 50 day moving average price is $18.37 and its 200 day moving average price is $15.93. The company has a market cap of $5.79 billion and a P/E ratio of 288.44. Veresen Inc has a 1-year low of $10.51 and a 1-year high of $18.76.
The business also recently announced a monthly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Tuesday, July 25th will be given a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Friday, July 21st.
A number of analysts recently issued reports on the company. TD Securities lifted their target price on Veresen from C$11.00 to C$18.50 and gave the company a “tender” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada downgraded Veresen from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$16.00 to C$18.65 in a research report on Wednesday, May 3rd. BMO Capital Markets lifted their target price on Veresen from C$14.00 to C$18.65 and gave the company a “market perform” rating in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. lifted their target price on Veresen from C$16.00 to C$20.00 and gave the company a “market perform” rating in a research report on Tuesday, May 2nd. Finally, National Bank Financial downgraded Veresen from an “outperform” rating to a “tender” rating and lifted their target price for the company from C$18.00 to C$20.50 in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$16.75.
Veresen Company Profile
Veresen Inc is a Canada-based energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.
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