Enerplus Corp (TSE:ERF) (NYSE:ERF) has received an average recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$18.27.
ERF has been the topic of a number of research analyst reports. GMP Securities raised their target price on shares of Enerplus from C$17.00 to C$18.00 in a research report on Thursday, March 1st. Royal Bank of Canada raised their target price on shares of Enerplus from C$13.00 to C$16.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Raymond James Financial raised their target price on shares of Enerplus from C$18.25 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Barclays raised their target price on shares of Enerplus from C$18.00 to C$20.00 in a research report on Monday, February 26th. Finally, Canaccord Genuity raised their target price on shares of Enerplus from C$16.50 to C$17.00 in a research report on Monday, February 26th.
Enerplus (TSE ERF) traded down C$0.07 during midday trading on Friday, hitting C$14.16. 234,000 shares of the company traded hands, compared to its average volume of 1,185,816. The firm has a market cap of $3,470.00, a price-to-earnings ratio of 14.80 and a beta of 1.04. Enerplus has a twelve month low of C$8.97 and a twelve month high of C$15.06.
The business also recently announced a monthly dividend, which will be paid on Friday, March 16th. Shareholders of record on Wednesday, February 28th will be given a $0.01 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. Enerplus’s dividend payout ratio is currently 12.50%.
In other news, insider David Mccoy sold 8,187 shares of Enerplus stock in a transaction on Sunday, March 4th. The shares were sold at an average price of C$14.04, for a total transaction of C$114,945.48. Also, insider Daniel John Fitzgerald purchased 13,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of C$14.05 per share, for a total transaction of C$182,650.00.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/03/21/brokerages-set-enerplus-corp-erf-target-price-at-18-27.html.
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).
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.