Veresen Inc (TSE:VSN) – Research analysts at Raymond James Financial raised their FY2016 earnings per share (EPS) estimates for shares of Veresen in a note issued to investors on Wednesday. Raymond James Financial analyst C. Cox now expects that the firm will earn $0.19 per share for the year, up from their previous forecast of $0.12. Raymond James Financial also issued estimates for Veresen’s FY2017 earnings at $0.29 EPS.
VSN has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of Veresen from C$6.00 to C$7.50 in a research note on Thursday, July 7th. CIBC upped their target price on shares of Veresen from C$13.50 to C$14.00 in a research note on Thursday, August 4th. Canaccord Genuity upped their target price on shares of Veresen from C$9.00 to C$11.00 and gave the stock a “sell” rating in a research note on Saturday, August 6th. National Bank Financial upped their target price on shares of Veresen from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Scotiabank restated a “sector perform” rating and set a C$12.00 target price on shares of Veresen in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$12.91.
Veresen (TSE:VSN) opened at 13.07 on Thursday. The stock’s 50 day moving average is $12.80 and its 200 day moving average is $10.66. The stock has a market capitalization of $4.08 billion and a price-to-earnings ratio of 102.91. Veresen has a 12-month low of $6.65 and a 12-month high of $13.49.
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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