Scotiabank Reaffirms “Sector Perform” Rating for Enerplus Corp (ERF)
Scotiabank restated their sector perform rating on shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) in a research note released on Tuesday morning. Scotiabank currently has a C$11.00 price objective on the stock.
ERF has been the subject of a number of other reports. Canaccord Genuity boosted their price objective on shares of Enerplus Corp from C$10.75 to C$11.00 in a report on Friday, October 21st. Barclays PLC boosted their price objective on shares of Enerplus Corp from C$10.00 to C$12.00 in a report on Friday, July 22nd. Raymond James Financial Inc. upped their price target on shares of Enerplus Corp from C$10.50 to C$11.00 in a report on Friday, August 5th. TD Securities reiterated a buy rating and set a C$12.50 price target on shares of Enerplus Corp in a report on Tuesday, October 18th. Finally, National Bank Financial reiterated an outperform rating and set a C$14.50 price target on shares of Enerplus Corp in a report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$11.02.
Shares of Enerplus Corp (TSE:ERF) opened at 9.86 on Tuesday. Enerplus Corp has a 12-month low of $2.68 and a 12-month high of $10.26. The firm’s market capitalization is $2.37 billion. The firm has a 50-day moving average of $9.29 and a 200-day moving average of $8.38.
The business also recently disclosed a nov 16 dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued a $0.01 dividend. The ex-dividend date was Thursday, October 27th. This represents a yield of 1.31%.
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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