FY2016 EPS Estimates for Veresen Inc Raised by Raymond James Financial (VSN)
Veresen Inc (TSE:VSN) – Research analysts at Raymond James Financial raised their FY2016 earnings estimates for shares of Veresen in a research note issued on Wednesday. Raymond James Financial analyst C. Cox now forecasts that the brokerage will post earnings per share of $0.19 for the year, up from their prior forecast of $0.12. Raymond James Financial also issued estimates for Veresen’s FY2017 earnings at $0.29 EPS.
Other research analysts have also issued reports about the company. National Bank Financial dropped their price target on Veresen from C$10.50 to C$9.50 in a research report on Monday, July 18th. BMO Capital Markets upped their price target on Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. CIBC boosted their target price on Veresen from C$13.50 to C$14.00 in a research note on Thursday, August 4th. RBC Capital Markets boosted their target price on Veresen from C$12.00 to C$14.00 in a research note on Saturday, August 6th. Finally, Citigroup Inc. boosted their target price on Veresen from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$12.91.
Shares of Veresen (TSE:VSN) opened at 13.07 on Thursday. Veresen has a 12-month low of $6.65 and a 12-month high of $13.49. The firm’s 50-day moving average price is $12.80 and its 200 day moving average price is $10.66. The stock has a market capitalization of $4.08 billion and a P/E ratio of 102.91.
Veresen Company Profile
Veresen Inc (Veresen) is an energy infrastructure company. The Company’s segments include Pipelines, Midstream, Power and Corporate. Its 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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