Veren Inc. Declares Quarterly Dividend of $0.08 (NYSE:VRN)

Veren Inc. (NYSE:VRN) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Saturday, March 15th will be paid a dividend of 0.0797 per share on Tuesday, April 1st. This represents a $0.32 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Friday, March 14th.

Veren Price Performance

Shares of NYSE:VRN traded up $0.21 during trading on Friday, hitting $5.46. 37,221,280 shares of the stock were exchanged, compared to its average volume of 17,604,627. The company has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $5.73. The company has a market cap of $3.34 billion, a PE ratio of 3.90 and a beta of 2.10. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Veren has a 12-month low of $4.39 and a 12-month high of $9.28.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price target on Veren from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Veren Company Profile

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.