The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 83,318 shares traded hands. Veresen Inc (TSE:VSN) has risen 41.34% since April 20, 2016 and is uptrending. It has outperformed by 35.93% the S&P500.
The move comes after 9 months negative chart setup for the $3.88 billion company. It was reported on Nov, 24 by Barchart.com. We have $11.72 PT which if reached, will make TSE:VSN worth $194.00 million less.
Veresen Inc (TSE:VSN) Ratings Coverage
Out of 5 analysts covering Veresen Inc Com (TSE:VSN), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Veresen Inc Com has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Veresen Inc (TSE:VSN) has “Buy” rating given on Wednesday, August 12 by Canaccord Genuity. The company was upgraded on Wednesday, November 2 by Scotia Capital. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, December 8. National Bank Canada upgraded the shares of VSN in a report on Wednesday, November 2 to “Outperform” rating. RBC Capital Markets maintained Veresen Inc (TSE:VSN) on Wednesday, November 2 with “Outperform” rating. BMO Capital Markets initiated the stock with “Market Perform” rating in Thursday, February 4 report. As per Thursday, August 6, the company rating was maintained by Scotia Capital.
More notable recent Veresen Inc (TSE:VSN) news were published by: Marketwatch.com which released: “Veresen Inc.” on May 23, 2011, also Business.Financialpost.com with their article: “Veresen Inc to sell power division, faces pushback on West Coast LNG development” published on August 04, 2016, Fool.ca published: “Veresen Inc. Investors Are Gambling on its 9.4% Dividend” on November 10, 2015. More interesting news about Veresen Inc (TSE:VSN) were released by: Business.Financialpost.com and their article: “‘It’s a high-risk game’: Veresen Inc puts everything on the line with Jordan …” published on April 16, 2015 as well as Business.Financialpost.com‘s news article titled: “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 $3.88 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 76.69 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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