Enerplus Corp (ERF) Given Buy Rating at TD Securities
Other equities analysts also recently issued reports about the company. CIBC began coverage on Enerplus Corp in a research report on Wednesday, June 15th. They set an outperform rating and a C$10.50 price objective for the company. BMO Capital Markets reissued a market perform rating and set a C$11.00 price objective on shares of Enerplus Corp in a research report on Tuesday, August 16th. FirstEnergy Capital boosted their price objective on Enerplus Corp from C$11.00 to C$11.50 and gave the stock an outperform rating in a research report on Monday, August 8th. Barclays PLC upped their price target on Enerplus Corp from C$12.00 to C$13.00 and gave the company an overweight rating in a report on Monday, August 8th. Finally, Scotiabank upped their price target on Enerplus Corp from C$7.25 to C$9.50 and gave the company a sector perform rating in a report on Thursday, June 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$10.13.
Shares of Enerplus Corp (TSE:ERF) opened at 9.98 on Wednesday. The firm’s market cap is $2.40 billion. The stock’s 50 day moving average is $8.77 and its 200-day moving average is $7.61. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.06.
The company also recently disclosed a oct 16 dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a $0.01 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 27th.
About Enerplus Corp
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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