Could Veresen Inc Gain Strenght? The Stock Reaches 52-Week Low


The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 613,394 shares traded hands. Veresen Inc (TSE:VSN) has risen 63.53% since February 5, 2016 and is uptrending. It has outperformed by 47.05% the S&P500.
The move comes after 9 months negative chart setup for the $3.92 billion company. It was reported on Sep, 13 by We have $11.81 PT which if reached, will make TSE:VSN worth $235.20M less.

Out of 4 analysts covering Veresen Inc Com (TSE:VSN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Veresen Inc Com has been the topic of 11 analyst reports since October 7, 2015 according to StockzIntelligence Inc.

Veresen Inc. is an energy infrastructure company. The company has a market cap of $3.92 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 99.62 P/E ratio. The Company’s 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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