Enerplus Corp (ERF) PT Raised to C$13.00 at RBC Capital Markets
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective boosted by RBC Capital Markets from C$12.00 to C$13.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. RBC Capital Markets’ target price points to a potential upside of 31.45% from the company’s current price.
A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial Inc. lifted their price target on shares of Enerplus Corp from C$10.50 to C$11.00 in a research report on Friday, August 5th. Barclays PLC lifted their price target on shares of Enerplus Corp from C$10.00 to C$12.00 in a research report on Friday, July 22nd. CIBC lifted their price target on shares of Enerplus Corp from C$10.50 to C$11.50 in a research report on Wednesday, July 20th. Canaccord Genuity lifted their price target on shares of Enerplus Corp from C$10.75 to C$11.00 in a research report on Friday, October 21st. Finally, TD Securities reissued a “buy” rating and set a C$12.50 price target on shares of Enerplus Corp in a research report on Tuesday, October 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Enerplus Corp currently has a consensus rating of “Buy” and an average price target of C$11.02.
Shares of Enerplus Corp (TSE:ERF) opened at 9.89 on Tuesday. Enerplus Corp has a one year low of $2.68 and a one year high of $10.11. The company has a 50-day moving average of $9.29 and a 200-day moving average of $8.38. The company’s market capitalization is $2.38 billion.
The firm also recently declared a nov 16 dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a yield of 1.31%.
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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