Enerplus Corp (ERF) Receives Buy Rating from TD Securities
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets reissued a market perform rating and issued a C$11.00 price objective on shares of Enerplus Corp in a research report on Tuesday, August 16th. Barclays PLC upped their price target on shares of Enerplus Corp from C$10.00 to C$12.00 in a research report on Friday, July 22nd. Desjardins set a C$9.25 price target on shares of Enerplus Corp in a research report on Tuesday, June 28th. CIBC upped their price target on shares of Enerplus Corp from C$10.50 to C$11.50 in a research report on Wednesday, July 20th. Finally, RBC Capital Markets upped their price target on shares of Enerplus Corp from C$11.00 to C$12.00 and gave the stock an outperform rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Enerplus Corp currently has an average rating of Buy and an average price target of C$10.48.
Shares of Enerplus Corp (TSE:ERF) opened at 9.67 on Tuesday. Enerplus Corp has a 12 month low of $2.68 and a 12 month high of $10.06. The company’s 50 day moving average is $8.77 and its 200 day moving average is $7.90. The company’s market cap is $2.33 billion.
The business also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 29th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 27th. This represents a yield of 1.5%.
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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