Is Veresen Inc a Buy? The Stock Rises Again

 Is Veresen Inc a Buy? The Stock Rises Again

The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 134,329 shares traded hands. Veresen Inc (TSE:VSN) has risen 29.80% since April 22, 2016 and is uptrending. It has outperformed by 23.78% the S&P500.
The move comes after 6 months positive chart setup for the $3.78 billion company. It was reported on Nov, 28 by Barchart.com. We have $12.93 PT which if reached, will make TSE:VSN worth $226.80M more.

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. $20 is the highest target while $9 is the lowest. The $12.80 average target is 4.92% above today’s ($12.2) stock price. Veresen Inc Com has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was upgraded by Canaccord Genuity. The firm has “Outperform” rating given on Wednesday, November 2 by RBC Capital Markets. The stock of Veresen Inc (TSE:VSN) earned “Sector Perform” rating by Scotia Capital on Thursday, August 6. As per Tuesday, December 8, the company rating was maintained by RBC Capital Markets. The stock of Veresen Inc (TSE:VSN) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 7. The stock of Veresen Inc (TSE:VSN) has “Market Perform” rating given on Thursday, February 4 by BMO Capital Markets. On Wednesday, November 2 the stock rating was upgraded by Scotia Capital to “Outperform”. The stock has “Outperform” rating given by National Bank Canada on Wednesday, November 2.

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 $3.78 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 75.82 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment