Enerplus Corp (ERF) Receives C$11.02 Average Price Target from Brokerages
Enerplus Corp (TSE:ERF) (NYSE:ERF) has been given an average rating of “Buy” by the fifteen research firms that are covering the firm. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$11.02.
ERF has been the subject of a number of research reports. National Bank Financial reiterated an “outperform” rating and set a C$14.50 target price on shares of Enerplus Corp in a report on Tuesday. Scotiabank reiterated a “sector perform” rating and set a C$11.00 target price on shares of Enerplus Corp in a report on Tuesday. RBC Capital Markets increased their target price on Enerplus Corp from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets reiterated a “market perform” rating and set a C$11.00 target price on shares of Enerplus Corp in a report on Tuesday, August 16th. Finally, TD Securities reiterated a “buy” rating and set a C$12.50 target price on shares of Enerplus Corp in a report on Wednesday, October 5th.
Enerplus Corp (TSE:ERF) opened at 10.07 on Wednesday. The company’s 50-day moving average price is $9.39 and its 200 day moving average price is $8.41. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.30. The company’s market capitalization is $2.42 billion.
The business also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, November 28th.
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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