Enerplus Corp (ERF) Receives “Outperform” Rating from BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) in a research report sent to investors on Friday. They currently have a C$16.00 price target on the oil and natural gas company’s stock.

A number of other research analysts also recently issued reports on the stock. TD Securities boosted their target price on shares of Enerplus Corp from C$13.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. boosted their target price on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the company an outperform rating in a research report on Monday, August 14th. Finally, Barclays PLC boosted their target price on shares of Enerplus Corp from C$14.00 to C$15.00 in a research report on Monday, August 14th. Ten investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of C$15.68.

Enerplus Corp (TSE:ERF) remained flat at $C$12.46 during trading on Friday. 1,020,789 shares of the company’s stock traded hands, compared to its average volume of 1,137,146. Enerplus Corp has a 52 week low of C$8.50 and a 52 week high of C$13.55.

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The firm also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, October 27th. This represents a yield of 1.12%. Enerplus Corp’s dividend payout ratio (DPR) is presently 2.91%.

In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.

About Enerplus Corp

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

Analyst Recommendations for Enerplus Corp (TSE:ERF)

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