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. The Company's segments include Pipelines, Midstream, Power and Corporate. Alliance Pipeline owns and manages an integrated, high-pressure natural gas and NGL pipeline. Ruby Pipeline is a natural gas transmission system. AEGS is an integrated pipeline system.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Oil & Gas Pipelines
- Sub-Industry: N/A
- Symbol: TSE:VSN
- CUSIP: N/A
- Web: www.vereseninc.com
Capitalization:- Market Cap: C$5.45 billion
- Outstanding Shares: 313,652,000
Average Prices:- 50 Day Moving Avg: C$18.19
- 200 Day Moving Avg: C$16.49
- 52 Week Range: C$11.40 - C$18.76
P/E:- Trailing P/E Ratio: 33.93
- P/E Growth: 5.86
Sales & Book Value:- Annual Revenue: C$57 million
- Price / Sales: 95.58
- Book Value: C$7.18 per share
- Price / Book: 2.42
Dividend:
Profitability:- EBIDTA: ($106,000,000.00)
- Net Margins: 168.75%
- Return on Equity: 3.57%
- Return on Assets: 2.41%
Misc:- Average Volume: 1.24 million shs.
- Short Ratio: 1.13
Frequently Asked Questions for Veresen (TSE:VSN)
What is Veresen's stock symbol?
Veresen trades on the Tornton Stock Exchange (TSX) under the ticker symbol "VSN."
How often does Veresen pay dividends? What is the dividend yield for Veresen?
Veresen announced a monthly dividend on Friday, July 14th. Investors of record on Tuesday, July 25th will be given a dividend of 0.083 per share on Wednesday, August 23rd. This represents a $1.00 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, July 21st. View Veresen's Dividend History.
When will Veresen make its next earnings announcement?
Where is Veresen's stock going? Where will Veresen's stock price be in 2017?
5 brokerages have issued twelve-month target prices for Veresen's shares. Their predictions range from C$14.00 to C$20.50. On average, they anticipate Veresen's share price to reach C$17.59 in the next twelve months. View Analyst Ratings for Veresen.
Who are some of Veresen's key competitors?
Some companies that are related to Veresen include Yara International ASA (YARIY), Agnico Eagle Mines Limited (AEM), Arconic (ARNC), Internationa Flavors & Fragrances (IFF), Stora Enso OYJ (SEOAY), Bunge Limited (BG), Canadian Utilities Limited (CU), Mondi Plc (MNDI), South32 Ltd (S32), Antofagasta plc (ANTO), First Quantum Minerals Limited (FM), Westlake Chemical Corporation (WLK), Inter Pipeline Ltd (IPL), Silver Wheaton Corp (WPM), Chemours Company (The) (CC), Steel Dynamics (STLD), Turquoise Hill Resources Ltd (TRQ) and First Quantum Minerals (FQVLF).
Who are Veresen's key executives?
Veresen's management team includes the folowing people:
- Stephen W. C. Mulherin, Independent Chairman of the Board
- Don L. Althoff, President, Chief Executive Officer, Director
- Theresa Jang, Chief Financial Officer, Senior Vice President - Finance
- Elizabeth G. Spomer, Executive Vice President, President & CEO - Jordan Cove LNG
- Kevan S. King, Senior Vice President, General Counsel
- Darren Marine, Senior Vice President - Business Joint Ventures
- Pam Romotowski, Vice President - Human Resources and Administration
- Douglas James Arnell, Independent Director
- J. Paul Charron, Independent Director
- Maureen E. Howe Ph.D., Independent Director
How do I buy Veresen stock?
Shares of Veresen and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Veresen's stock price today?
One share of Veresen stock can currently be purchased for approximately C$17.37.
MarketBeat Community Rating for Veresen (TSE VSN)MarketBeat's community ratings are surveys of what our community members think about Veresen and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Veresen (TSE:VSN) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.20) |
| Consensus Price Target: | C$17.59 |
Analysts' Ratings History for Veresen (TSE:VSN)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 7/5/2017 | TD Securities | Boost Price Target | Buy -> Tender | C$11.00 -> C$18.50 |  |
| 5/3/2017 | Royal Bank Of Canada | Downgrade | Outperform -> Sector Perform | C$16.00 -> C$18.65 | |
| 5/3/2017 | BMO Capital Markets | Boost Price Target | Market Perform | C$14.00 -> C$18.65 | |
| 5/2/2017 | Raymond James Financial, Inc. | Boost Price Target | Market Perform | C$16.00 -> C$20.00 | |
| 5/2/2017 | National Bank Financial | Downgrade | Outperform -> Tender | C$18.00 -> C$20.50 | |
| 3/14/2017 | Scotiabank | Reiterated Rating | Outperform | C$16.00 | |
| 3/2/2017 | GMP Securities | Lower Price Target | | C$16.25 -> C$16.00 | |
| 2/22/2017 | Desjardins | Boost Price Target | Hold | C$13.00 -> C$14.00 | |
| 2/9/2017 | CIBC | Boost Price Target | | C$14.00 -> C$16.00 | |
| 8/9/2016 | Citigroup Inc. | Boost Price Target | Buy | C$13.00 -> C$15.00 | |
| 8/6/2016 | Canaccord Genuity | Boost Price Target | Sell | C$9.00 -> C$11.00 | |
| 4/8/2016 | AltaCorp Capital | Upgrade | Sector Perform -> Outperform | | |
(Data available from 8/17/2015 forward)
Earnings History for Veresen (TSE:VSN)Earnings History by Quarter for Veresen (TSE VSN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | | | | | | N/A | |
| 8/6/2014 | | $0.02 | ($0.01) | $109.17 million | $89.30 million | View | N/A | |
| 5/6/2014 | | $0.06 | $0.16 | $91.90 million | $92.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Veresen (TSE:VSN)Current Year EPS Consensus Estimate: $0.43 EPS
Dividend History by Quarter for Veresen (TSE VSN)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/14/2017 | Monthly | $0.08 | 5.46% | 7/21/2017 | 7/25/2017 | 8/23/2017 |
| 8/20/2015 | | $0.06 | | 8/27/2015 | 8/31/2015 | 9/23/2015 |
| 7/22/2015 | | $0.06 | | 7/29/2015 | 7/31/2015 | 8/21/2015 |
| 6/19/2015 | | $0.07 | | 6/26/2015 | 6/30/2015 | 7/23/2015 |
| 5/20/2015 | | $0.07 | | 5/27/2015 | 5/29/2015 | 6/23/2015 |
| 4/21/2015 | | $0.07 | | 4/28/2015 | 4/30/2015 | 5/22/2015 |
| 3/20/2015 | | $0.07 | | 3/27/2015 | 3/31/2015 | 4/23/2015 |
| 2/18/2015 | | $0.07 | | 2/25/2015 | 2/27/2015 | 3/23/2015 |
| 1/21/2015 | | $0.07 | | 1/28/2015 | 1/30/2015 | 2/23/2015 |
| 12/8/2014 | | $0.07 | | 12/29/2014 | 12/31/2014 | 1/23/2015 |
| 11/20/2014 | nov 14 | $0.07 | 5.26% | 11/25/2014 | 11/28/2014 | 12/23/2014 |
| 10/22/2014 | | $0.07 | | 10/29/2014 | 10/31/2014 | 11/21/2014 |
| 9/19/2014 | sep 14 | $0.08 | | 9/26/2014 | 9/30/2014 | 10/23/2014 |
| 8/20/2014 | aug 14 | $0.08 | | 8/27/2014 | 8/29/2014 | 9/23/2014 |
| 7/22/2014 | jul 14 | $0.08 | | 7/29/2014 | 7/31/2014 | 8/22/2014 |
| 6/19/2014 | jun 14 | $0.08 | | 6/26/2014 | 6/30/2014 | 7/23/2014 |
| 5/21/2014 | | $0.08 | | 5/28/2014 | 5/30/2014 | 6/23/2014 |
| 4/21/2014 | apr 14 | $0.08 | | 4/28/2014 | 4/30/2014 | 5/23/2014 |
| 3/20/2014 | mar 14 | $0.08 | | 3/27/2014 | 3/31/2014 | 4/23/2014 |
| 2/19/2014 | | $0.08 | | 2/26/2014 | 2/28/2014 | 3/21/2014 |
| 2/19/2014 | feb 14 | $0.08 | | 2/26/2014 | 2/28/2014 | 3/21/2014 |
| 1/22/2014 | | $0.08 | | 1/29/2014 | 1/31/2014 | 2/21/2014 |
| 1/22/2014 | jan 14 | $0.08 | | | 1/31/2014 | 2/21/2014 |
| 12/9/2013 | | $0.08 | | 12/27/2013 | 12/31/2013 | 1/23/2014 |
| 12/9/2013 | dec 13 | $0.08 | | | 12/31/2013 | 1/23/2014 |
| 11/19/2013 | | $0.08 | | 11/26/2013 | 11/29/2013 | 12/23/2013 |
| 11/19/2013 | nov 13 | $0.08 | | | 11/29/2013 | 12/23/2013 |
| 10/22/2013 | oct 13 | $0.08 | | | 10/31/2013 | 11/22/2013 |
| 9/19/2013 | sep 13 | $0.08 | | | 9/30/2013 | 10/23/2013 |
| 8/21/2013 | aug 13 | $0.08 | | | 8/30/2013 | 9/23/2013 |
| 6/19/2013 | jun 13 | $0.08 | | | 6/28/2013 | 7/23/2013 |
| 5/22/2013 | may 13 | $0.08 | | | 5/31/2013 | 6/21/2013 |
| 4/19/2013 | apr 13 | $0.08 | | | 4/30/2013 | 5/23/2013 |
| 3/19/2013 | mar 13 | $0.08 | | | 3/28/2013 | 4/23/2013 |
| 2/19/2013 | feb 13 | $0.08 | | | 2/28/2013 | 3/22/2013 |
| 1/22/2013 | jan 13 | $0.08 | | | 1/31/2013 | 2/22/2013 |
| 12/10/2012 | dec 12 | $0.08 | | | 12/31/2012 | 1/23/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Veresen (TSE:VSN)Insider Trades by Quarter for Veresen (TSE:VSN)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/7/2016 | Henry William Sykes | Director | Buy | 2,000 | C$10.50 | C$21,000.00 | |
| 11/9/2015 | Henry William Sykes | Director | Buy | 2,000 | C$10.61 | C$21,222.00 | |
| 10/15/2015 | Donald Althoff | Insider | Buy | 10,000 | C$11.74 | C$117,368.00 | |
| 9/4/2015 | Henry William Sykes | Director | Buy | 2,000 | C$12.74 | C$25,480.00 | |
| 9/4/2015 | Jesse David Marble | Insider | Buy | 5,000 | C$12.72 | C$63,613.50 | |
| 8/14/2015 | Jesse David Marble | Insider | Buy | 5,000 | C$14.09 | C$70,441.00 | |
| 8/14/2015 | Maureen Howe | Director | Buy | 3,200 | C$13.95 | C$44,640.00 | |
| 8/7/2015 | Henry William Sykes | Director | Buy | 1,400 | C$12.72 | C$17,803.94 | |
| 7/11/2015 | Elizabeth Grace Spomer | Insider | Buy | 7,000 | C$15.13 | C$105,910.00 | |
| 7/10/2015 | Elizabeth Grace Spomer | Insider | Buy | 2,800 | C$15.12 | C$42,336.00 | |
| 4/1/2015 | Theresa Jang | Insider | Buy | 1,000 | C$25.00 | C$25,000.00 | |
| 3/26/2015 | Donald Althoff | Insider | Buy | 7,000 | C$16.26 | C$113,820.00 | |
| 3/19/2015 | Q.C. Robert John Iverach | Director | Buy | 3,000 | C$15.47 | C$46,410.00 | |
| 3/17/2015 | Jesse David Marble | Insider | Buy | 5,000 | C$15.23 | C$76,153.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Veresen (TSE:VSN)
Latest Headlines for Veresen (TSE:VSN)
| Source: |
|
| Date | Headline |
|---|
 | Veresen Announces Common Share Dividend for August 2017 and Quarterly Dividend on its Preferred Shares
finance.yahoo.com - August 17 at 9:08 AM |
| Veresen, Inc. :VSN-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017
finance.yahoo.com - August 8 at 8:11 AM |
| Veresen, Inc. :VSN-CA: Earnings Analysis: Q1, 2017 By the Numbers : August 4, 2017
finance.yahoo.com - August 5 at 8:24 AM |
| Edited Transcript of VSN.TO earnings conference call or presentation 3-Aug-17 1:00pm GMT
finance.yahoo.com - August 4 at 9:48 AM |
| Veresen, Inc. breached its 50 day moving average in a Bullish Manner : VSN-CA : August 2, 2017
finance.yahoo.com - August 3 at 8:42 AM |
| Veresen Announces Second Quarter Financial Results and Increased 2017 Guidance
finance.yahoo.com - August 3 at 8:42 AM |
 | Veresen Inc (TSE:VSN) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - July 26 at 7:45 AM |
| Veresen Inc (TSE:VSN) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 24 at 2:26 PM |
| Veresen, Inc. breached its 50 day moving average in a Bullish Manner : VSN-CA : July 20, 2017
finance.yahoo.com - July 21 at 8:33 AM |
| Veresen Inc (TSE:VSN) Announces Monthly Dividend of $0.08
www.americanbankingnews.com - July 20 at 9:43 AM |
| Veresen Announces Resignation of Director and Common Share Dividend for July 2017
finance.yahoo.com - July 14 at 9:48 AM |
 | Veresen declares CAD 0.0833 dividend
seekingalpha.com - July 13 at 4:19 PM |
| Pembina and Veresen Announce Court of Queen's Bench Approval of Business Combination
finance.yahoo.com - July 12 at 8:23 PM |
| Veresen, Inc. – Value Analysis (TORONTO:VSN) : July 6, 2017
finance.yahoo.com - July 6 at 5:02 PM |
| Veresen Inc (VSN) Downgraded to Tender at TD Securities
www.americanbankingnews.com - July 5 at 2:32 PM |
 | Enwave Expands Canadian Presence
feeds.benzinga.com - July 5 at 12:02 PM |
 | CANADA STOCKS-TSX futures weighed down by weak oil - Nasdaq
www.nasdaq.com - July 5 at 11:21 AM |
| Veresen Confirms Second Quarter Earnings Release Date and Provides Second Quarter Conference Call Details
finance.yahoo.com - July 5 at 11:21 AM |
| Veresen, Inc. breached its 50 day moving average in a Bearish Manner : VSN-CA : July 5, 2017
finance.yahoo.com - July 5 at 11:21 AM |
| Veresen Announces Closing of Additional Power Assets
finance.yahoo.com - July 4 at 8:38 AM |
 | Veresen Announces Receipt of Consents Regarding its Medium Term Notes and Cancellation of Meeting of the ... - MarketWatch
www.marketwatch.com - July 1 at 8:54 AM |
| Veresen Announces Receipt of Consents Regarding its Medium Term Notes and Cancellation of Meeting of the Holders of Notes
finance.yahoo.com - July 1 at 8:54 AM |
| Veresen Inc (VSN) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 27 at 2:56 PM |
 | Should You Buy Pembina Pipeline Corp. Today? - The Motley Fool Canada
www.fool.ca - June 26 at 3:33 PM |
| Veresen Announces Common Share Dividend for June 2017
finance.yahoo.com - June 22 at 2:36 PM |
| Veresen Inc (VSN) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - June 2 at 7:50 AM |
| Veresen Announces Common Share Dividend for May 2017 and Quarterly Dividend on its Preferred Shares
finance.yahoo.com - May 19 at 6:41 PM |
| This High-Growth Oil Stock Could Jump Another 60%
www.fool.ca - May 17 at 10:13 PM |
| Oregon county rejects measure blocking natural gas terminal
finance.yahoo.com - May 17 at 8:35 AM |
| Oregon county to vote on blocking natural gas terminal
finance.yahoo.com - May 16 at 8:17 AM |
| Oregon port vote is latest local action on fossil fuels
finance.yahoo.com - May 14 at 11:57 AM |
| EXCLUSIVE-Cheniere in talks to boost LNG shipments to China - Nasdaq
www.nasdaq.com - May 12 at 8:31 PM |
| Veresen Inc (VSN) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 8 at 10:14 AM |
| Edited Transcript of VSN.TO earnings conference call or presentation 4-May-17 1:00pm GMT
finance.yahoo.com - May 5 at 3:29 AM |
| Veresen Announces First Quarter Financial Results and Increased 2017 Guidance
finance.yahoo.com - May 3 at 6:53 PM |
| Veresen Announces Voting Results for Election of Directors
finance.yahoo.com - May 3 at 6:53 PM |
| Royal Bank of Canada Downgrades Veresen Inc (VSN) to Sector Perform
www.americanbankingnews.com - May 3 at 12:42 PM |
| Raymond James Financial, Inc. Boosts Veresen Inc (VSN) Price Target to C$20.00
www.americanbankingnews.com - May 2 at 3:50 PM |
| National Bank Financial Downgrades Veresen Inc (VSN) to Tender
www.americanbankingnews.com - May 2 at 3:48 PM |
| CANADA STOCKS-TSX ends moderately lower as Pembina, materials drag - Nasdaq
www.nasdaq.com - May 2 at 8:21 AM |
| [$$] Canadian Energy Companies Pembina Pipeline, Veresen to Combine
finance.yahoo.com - May 2 at 8:21 AM |
| PRESS DIGEST- Canada - May 2
finance.yahoo.com - May 2 at 8:21 AM |
 | UPDATE 5-Pembina buys Veresen for $7.1 bln as pipeline sector consolidates
www.cnbc.com - May 1 at 7:41 PM |
| Veresen Inc (VSN) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 1 at 4:44 PM |
| RPT-Pembina buys Veresen for $7.1 bln as pipeline sector consolidates
www.nasdaq.com - May 1 at 2:40 PM |
 | Pembina To Acquire Veresen Inc. - Quick Facts
www.rttnews.com - May 1 at 10:16 AM |
| Pembina and Veresen to Create Leading North American Energy Infrastructure Company
www.marketwatch.com - May 1 at 10:16 AM |
 | Pembina adds natgas infrastructure with C$9.7 billion Veresen buy
www.reuters.com - May 1 at 10:16 AM |
| CANADA STOCKS-TSX futures flat as U.S. avoids government shutdown - Nasdaq
www.nasdaq.com - May 1 at 10:16 AM |
| Pembina To Acquire Veresen Inc. - Quick Facts - Nasdaq
www.nasdaq.com - May 1 at 10:16 AM |
Veresen (VSN) Chart for Thursday, August, 17, 2017
