Enerplus Corp (ERF) Price Target Raised to C$12.00 at RBC Capital Markets
Enerplus Corp (TSE:ERF) had its target price raised by RBC Capital Markets from C$11.00 to C$12.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the stock. RBC Capital Markets’ price target indicates a potential upside of 28.07% from the stock’s previous close.
Several other brokerages also recently issued reports on ERF. Royal Bank Of Canada reiterated an “outperform” rating and set a C$9.00 price target on shares of Enerplus Corp in a report on Wednesday, June 22nd. Barclays PLC upped their price target on Enerplus Corp from C$8.00 to C$10.00 in a report on Wednesday, June 22nd. Desjardins set a C$9.25 price target on Enerplus Corp in a report on Tuesday, June 28th. CIBC upped their price target on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th. Finally, TD Securities decreased their price target on Enerplus Corp from C$10.00 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$10.48.
Enerplus Corp (TSE:ERF) traded up 1.974% during midday trading on Tuesday, hitting $9.555. The stock had a trading volume of 1,145,935 shares. The stock’s market cap is $2.30 billion. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.06. The company has a 50-day moving average price of $8.75 and a 200-day moving average price of $7.87.
The company also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were paid a dividend of $0.01 per share. 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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