Enerplus Corp (ERF) PT Raised to C$13.00 at Royal Bank Of Canada
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective hoisted by investment analysts at Royal Bank Of Canada from C$12.00 to C$13.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 31.45% from the stock’s previous close.
Several other equities research analysts also recently commented on ERF. Scotiabank boosted their price objective on Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. FirstEnergy Capital boosted their price objective on Enerplus Corp from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Monday, August 8th. TD Securities restated a “buy” rating and set a C$12.50 price objective on shares of Enerplus Corp in a report on Tuesday, October 18th. Raymond James Financial Inc. boosted their price objective on Enerplus Corp from C$10.50 to C$11.00 in a report on Friday, August 5th. Finally, CIBC boosted their price objective on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$11.02.
Shares of Enerplus Corp (TSE:ERF) opened at 9.89 on Tuesday. Enerplus Corp has a 1-year low of $2.68 and a 1-year high of $10.11. The firm’s market cap is $2.38 billion. The firm’s 50-day moving average is $9.29 and its 200-day moving average is $8.38.
The firm also recently disclosed a nov 16 dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were given a $0.01 dividend. The ex-dividend date 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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