Veresen Inc (TSE:VSN) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$17.59.
Separately, TD Securities lifted their price objective on Veresen from C$11.00 to C$18.50 and gave the stock a “tender” rating in a research note on Wednesday, July 5th.
Shares of Veresen (VSN) traded up 0.68% during midday trading on Tuesday, hitting $17.85. The stock had a trading volume of 848,283 shares. Veresen has a one year low of $11.40 and a one year high of $18.76. The firm’s 50-day moving average price is $17.77 and its 200-day moving average price is $16.95. The firm has a market capitalization of $5.60 billion and a PE ratio of 34.73.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 25th will be paid a dividend of $0.083 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.62%.
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Veresen Company Profile
Veresen Inc is a Canada-based energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.
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