A Reversal for Veresen Inc Is Not Near. The Stock Declines Again

 A Reversal for Veresen Inc Is Not Near. The Stock Declines Again

The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 552,701 shares traded hands. Veresen Inc (TSE:VSN) has risen 59.93% since March 10, 2016 and is uptrending. It has outperformed by 54.32% the S&P500.
The move comes after 5 months negative chart setup for the $4.18 billion company. It was reported on Oct, 17 by Barchart.com. We have $12.25 PT which if reached, will make TSE:VSN worth $334.40M less.

Veresen Inc (TSE:VSN) Ratings Coverage

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. $20 is the highest target while $9 is the lowest. The $12.70 average target is -4.65% below today’s ($13.32) stock price. Veresen Inc Com has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, October 7 by RBC Capital Markets. Scotia Capital maintained Veresen Inc (TSE:VSN) rating on Thursday, August 6. Scotia Capital has “Sector Perform” rating and $15 price target. BMO Capital Markets initiated the shares of VSN in a report on Thursday, February 4 with “Market Perform” rating. Canaccord Genuity upgraded the stock to “Buy” rating in Wednesday, August 12 report. The company was maintained on Tuesday, December 8 by RBC Capital Markets.

More important recent Veresen Inc (TSE:VSN) news were published by: Business.Financialpost.com which released: “Veresen Inc to sell power division, faces pushback on West Coast LNG development” on August 04, 2016, also Fool.ca published article titled: “Veresen Inc. Investors Are Gambling on its 9.4% Dividend”, Business.Financialpost.com published: “‘It’s a high-risk game’: Veresen Inc puts everything on the line with Jordan …” on April 16, 2015. More interesting news about Veresen Inc (TSE:VSN) was released by: Business.Financialpost.com and their article: “Veresen Inc re-applies for LNG approvals in U.S. after securing pipeline …” with publication date: April 11, 2016.

Veresen Inc. is an energy infrastructure company. The company has a market cap of $4.18 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 105.65 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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