Veren (TSE:VRN) Given New C$9.50 Price Target at ATB Capital

Veren (TSE:VRN) had its price target dropped by analysts at ATB Capital from C$11.00 to C$9.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. ATB Capital’s target price indicates a potential upside of 8.45% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. National Bankshares lifted their target price on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. CIBC reduced their price objective on Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Veren has a consensus rating of “Buy” and a consensus price target of C$11.74.

Veren Stock Up 3.7 %

Shares of Veren stock opened at C$8.76 on Tuesday. Veren has a 12-month low of C$6.34 and a 12-month high of C$12.67. The firm has a market cap of C$5.37 billion and a PE ratio of 4.99. The stock’s 50-day moving average price is C$7.53.

About Veren

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.