Veren (TSE:VRN) Given New C$9.75 Price Target at Royal Bank of Canada

Veren (TSE:VRN) had its price target dropped by Royal Bank of Canada from C$10.00 to C$9.75 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.30% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. National Bankshares increased their price target on shares of Veren from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. ATB Capital reduced their target price on shares of Veren from C$11.00 to C$9.50 in a research report on Tuesday. Finally, CIBC decreased their price target on shares of Veren from C$13.00 to C$12.50 in a research note on Friday, January 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Veren has a consensus rating of “Buy” and an average price target of C$11.74.

Veren Stock Performance

VRN stock opened at C$8.76 on Tuesday. Veren has a 1-year low of C$6.34 and a 1-year high of C$12.67. The stock has a market capitalization of C$5.37 billion and a PE ratio of 4.99. The stock has a fifty day simple moving average of 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.