Veresen Inc Increases Again; Strong Momentum for Buyers

 Veresen Inc Increases Again; Strong Momentum for Buyers

The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 395,468 shares traded hands. Veresen Inc (TSE:VSN) has risen 56.04% since March 11, 2016 and is uptrending. It has outperformed by 50.55% the S&P500.
The move comes after 6 months positive chart setup for the $4.09B company. It was reported on Oct, 18 by Barchart.com. We have $18.80 PT which if reached, will make TSE:VSN worth $1.68B more.

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 -4.73% below today’s ($13.33) stock price. Veresen Inc Com has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was maintained by Scotia Capital. The firm earned “Buy” rating on Wednesday, August 12 by Canaccord Genuity. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, December 8. RBC Capital Markets maintained Veresen Inc (TSE:VSN) on Wednesday, October 7 with “Outperform” rating. The firm has “Market Perform” rating given on Thursday, February 4 by BMO 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 $4.09 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 105.73 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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