Veresen Inc (VSN) to Release Quarterly Earnings on Monday

Veresen Inc (TSE:VSN) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th.

Shares of Veresen Inc (VSN) opened at 18.51 on Friday. The company has a market capitalization of $5.81 billion and a price-to-earnings ratio of 36.01. Veresen Inc has a 12 month low of $11.40 and a 12 month high of $19.07. The firm’s 50-day moving average is $17.92 and its 200 day moving average is $17.53.

The company also recently announced a monthly dividend, which was paid on Monday, October 23rd. Stockholders of record on Monday, September 25th were given a dividend of $0.083 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.38%.

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Separately, TD Securities raised their price target on Veresen from C$11.00 to C$18.50 and gave the stock a “tender” rating in a research report on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$17.59.

About Veresen

Veresen Inc is a Canada-based energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.

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