Enerplus Corp (ERF) Rating Reiterated by National Bank Financial
Enerplus Corp (TSE:ERF) (NYSE:ERF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at National Bank Financial in a note issued to investors on Tuesday. They presently have a C$14.50 price objective on the stock. National Bank Financial’s price target points to a potential upside of 46.61% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Raymond James Financial Inc. boosted their price target on Enerplus Corp from C$10.50 to C$11.00 in a research note on Friday, August 5th. Barclays PLC upped their target price on Enerplus Corp from C$10.00 to C$12.00 in a research report on Friday, July 22nd. CIBC upped their target price on Enerplus Corp from C$10.50 to C$11.50 in a research report on Wednesday, July 20th. Canaccord Genuity upped their target price on Enerplus Corp from C$10.75 to C$11.00 in a research report on Friday, October 21st. Finally, TD Securities reiterated a “buy” rating and issued a C$12.50 target price on shares of Enerplus Corp in a research report on Tuesday, October 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Enerplus Corp currently has an average rating of “Buy” and an average target price of C$11.02.
Shares of Enerplus Corp (TSE:ERF) opened at 9.89 on Tuesday. The stock’s 50 day moving average is $9.29 and its 200 day moving average is $8.38. Enerplus Corp has a 52-week low of $2.68 and a 52-week high of $10.11. The company’s market cap is $2.38 billion.
The firm also recently announced a nov 16 dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a dividend of $0.01 per share. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, October 27th.
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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