Enerplus Corp (ERF) Rating Reiterated by TD Securities
Enerplus Corp (TSE:ERF) (NYSE:ERF)‘s stock had its “buy” rating reiterated by research analysts at TD Securities in a research report issued to clients and investors on Tuesday. They presently have a C$12.50 price target on the stock. TD Securities’ price target points to a potential upside of 26.39% from the company’s previous close.
Other research analysts also recently issued reports about the company. National Bank Financial reaffirmed an “outperform” rating and set a C$14.50 target price on shares of Enerplus Corp in a research note on Tuesday. RBC Capital Markets upped their target price on Enerplus Corp from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and set a C$11.00 target price on shares of Enerplus Corp in a research note on Tuesday, August 16th. FirstEnergy Capital upped their target price on Enerplus Corp from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, Royal Bank Of Canada upped their target price on Enerplus Corp from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$11.02.
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 50-day moving average is $9.29 and its 200 day moving average is $8.38. The stock’s market capitalization is $2.38 billion.
The business also recently announced a nov 16 dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.01 dividend. 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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