Enerplus (TSE:ERF) (NYSE:ERF) had its price target upped by Barclays from C$16.00 to C$17.00 in a research note published on Wednesday, January 17th.
Several other equities analysts have also commented on ERF. BMO Capital Markets reaffirmed an outperform rating and issued a C$16.00 price target on shares of Enerplus in a research note on Friday, November 10th. Raymond James Financial boosted their price objective on Enerplus from C$15.00 to C$15.50 and gave the company an outperform rating in a report on Friday, November 10th. TD Securities boosted their price objective on Enerplus from C$15.00 to C$15.50 and gave the company a buy rating in a report on Friday, November 10th. Finally, National Bank Financial boosted their price objective on Enerplus from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Friday, November 10th. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of C$17.59.
Enerplus (ERF) traded up C$0.36 during midday trading on Wednesday, reaching C$12.96. The company’s stock had a trading volume of 972,475 shares, compared to its average volume of 1,241,337. Enerplus has a one year low of C$8.97 and a one year high of C$14.54. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of 3.14 and a beta of 1.10.
Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%. The business had revenue of C$161.85 million during the quarter, compared to analyst estimates of C$189.00 million.
The business also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a yield of 0.000741289844329133%. Enerplus’s dividend payout ratio (DPR) is 2.91%.
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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).
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