National Bankshares Issues Pessimistic Forecast for Veren (TSE:VRN) Stock Price

by · The Cerbat Gem

Veren (TSE:VRN – Get Free Report) had its price target decreased by stock analysts at National Bankshares from C$13.50 to C$13.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 89.23% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Raymond James lowered their target price on Veren from C$13.00 to C$12.00 and set a “strong-buy” rating for the company in a research note on Friday. BMO Capital Markets dropped their price objective on Veren from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday. Canaccord Genuity Group reduced their target price on shares of Veren from C$15.00 to C$14.00 in a research note on Tuesday, October 22nd. Scotiabank dropped their price target on shares of Veren from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday. Finally, CIBC cut their price objective on shares of Veren from C$15.00 to C$13.00 in a report on Friday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$11.89.

Read Our Latest Stock Analysis on VRN

Veren Price Performance

TSE VRN traded down C$0.30 on Friday, reaching C$6.87. The company’s stock had a trading volume of 5,408,289 shares, compared to its average volume of 3,138,214. Veren has a 52 week low of C$6.87 and a 52 week high of C$12.67.

About Veren

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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.

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