Barclays PLC Boosts Enerplus Corp (ERF) Price Target to C$16.00

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price target increased by Barclays PLC from C$15.00 to C$16.00 in a report published on Monday morning.

A number of other research firms also recently weighed in on ERF. Raymond James Financial, Inc. lifted their target price on Enerplus Corp from C$13.50 to C$14.25 and gave the stock an outperform rating in a report on Monday, August 14th. TD Securities lifted their target price on Enerplus Corp from C$13.00 to C$15.00 in a report on Monday, August 14th. BMO Capital Markets reissued an outperform rating and set a C$16.00 target price on shares of Enerplus Corp in a report on Friday, November 10th. Finally, National Bank Financial lifted their target price on Enerplus Corp from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Friday, November 10th. Ten equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of C$15.77.

Enerplus Corp (TSE ERF) opened at C$11.60 on Monday. Enerplus Corp has a 52 week low of C$8.97 and a 52 week high of C$13.55.

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

In related news, Director Glen Dawson Roane sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total value 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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