Veresen Inc (TSE:VSN) – Analysts at Haywood Securities increased their FY2016 earnings per share estimates for Veresen in a research report issued on Thursday. Haywood Securities analyst J. Reid now forecasts that the brokerage will post earnings per share of $0.26 for the year, up from their prior forecast of $0.24.
Several other brokerages also recently commented on VSN. BMO Capital Markets cut their target price on Veresen from C$10.00 to C$7.50 and set a “market perform” rating on the stock in a research note on Thursday, August 4th. Scotiabank increased their target price on Veresen from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Tuesday. Citigroup Inc. increased their target price on Veresen from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$14.00 target price on shares of Veresen in a research note on Wednesday, September 28th. Finally, National Bank Financial cut their target price on Veresen from C$10.50 to C$9.50 in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Veresen has an average rating of “Hold” and a consensus price target of C$13.00.
Veresen (TSE:VSN) opened at 13.30 on Monday. Veresen has a 12 month low of $6.65 and a 12 month high of $13.53. The stock has a 50 day moving average price of $12.89 and a 200 day moving average price of $10.80. The stock has a market capitalization of $4.15 billion and a PE ratio of 104.72.
Veresen Inc (Veresen) is an energy infrastructure company. The Company’s segments include Pipelines, Midstream, Power and Corporate. Its pipeline business consists of interests in over two pipeline systems: the Alliance Pipeline, which is over 3,000 kilometers dense phase pipeline delivering natural gas and midstreams from Western Canada to the Midwest United States, and the Alberta Ethane Gathering System, an ethane pipeline system.
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