Analysts Set Enerplus Corp (ERF) PT at $10.23
Shares of Enerplus Corp (TSE:ERF) have been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$10.23.
ERF has been the subject of a number of recent research reports. BMO Capital Markets restated a “market perform” rating and issued a C$11.00 target price on shares of Enerplus Corp in a research note on Tuesday, August 16th. Barclays PLC upped their target price on Enerplus Corp from C$10.00 to C$12.00 in a research note on Friday, July 22nd. TD Securities restated a “buy” rating and issued a C$12.50 target price on shares of Enerplus Corp in a research note on Wednesday, October 5th. Desjardins set a C$9.25 target price on Enerplus Corp in a research note on Tuesday, June 28th. Finally, CIBC upped their target price on Enerplus Corp from C$10.50 to C$11.50 in a research note on Wednesday, July 20th.
Shares of Enerplus Corp (TSE:ERF) opened at 9.53 on Wednesday. The company has a 50-day moving average of $8.75 and a 200 day moving average of $7.79. Enerplus Corp has a 12-month low of $2.68 and a 12-month high of $10.06. The firm’s market cap is $2.29 billion.
The firm also recently announced a oct 16 dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 27th. This represents a dividend yield of 1.5%.
Enerplus Corp Company Profile
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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