Enerplus Corp (ERF) Receives C$15.69 Average Price Target from Analysts

Enerplus Corp (TSE:ERF) (NYSE:ERF) has received an average recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$15.69.

ERF has been the topic of several research reports. Barclays upped their price target on shares of Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. TD Securities upped their target price on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Friday, November 10th. BMO Capital Markets restated an “outperform” rating and set a C$16.00 target price on shares of Enerplus in a research report on Thursday, December 14th. Raymond James Financial upped their target price on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, National Bank Financial upped their target price on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, November 10th.

Shares of Enerplus (ERF) traded down C$0.20 during midday trading on Tuesday, reaching C$12.31. 724,670 shares of the company traded hands, compared to its average volume of 992,382. The firm has a market cap of $2,980.00, a P/E ratio of 2.98 and a beta of 1.02. Enerplus has a 1-year low of C$8.97 and a 1-year high of C$13.35.

The firm also recently announced a jan 18 dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 28th. Enerplus’s payout ratio is 2.91%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/13/enerplus-corp-erf-receives-c15-69-average-price-target-from-analysts.html.

Enerplus Company Profile

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 (TSE:ERF)

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply