FY2016 EPS Estimates for Veresen Inc (VSN) Raised by Analyst
Veresen Inc (TSE:VSN) – Research analysts at Haywood Securities lifted their FY2016 earnings estimates for Veresen in a research report issued on Thursday. Haywood Securities analyst J. Reid now forecasts that the firm will post earnings of $0.26 per share for the year, up from their prior forecast of $0.24.
VSN has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on shares of Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. National Bank Financial dropped their price target on shares of Veresen from C$10.50 to C$9.50 in a research report on Monday, July 18th. Scotiabank reissued a “sector perform” rating and issued a C$11.00 price target on shares of Veresen in a research report on Thursday, August 4th. Citigroup Inc. lifted their price target on shares of Veresen from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$14.00 price target on shares of Veresen in a research report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Veresen presently has a consensus rating of “Hold” and an average price target of C$12.91.
Shares of Veresen (TSE:VSN) opened at 13.40 on Monday. Veresen has a one year low of $6.65 and a one year high of $13.52. The firm’s 50 day moving average is $12.83 and its 200-day moving average is $10.70. The firm has a market capitalization of $4.18 billion and a PE ratio of 105.51.
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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