Credit Suisse Group AG set a $14.00 target price on Enerplus Corp. (NYSE:ERF) (TSE:ERF) in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.

ERF has been the topic of a number of other research reports. National Bank Financial reissued an outperfrom under weight rating on shares of Enerplus Corp. in a research note on Monday, November 14th. Barclays PLC reissued a buy rating on shares of Enerplus Corp. in a research note on Thursday, October 6th. Finally, Canaccord Genuity assumed coverage on Enerplus Corp. in a research note on Wednesday, August 17th. They set a buy rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $8.50.

Enerplus Corp. (NYSE:ERF) traded down 4.61% on Monday, reaching $7.45. The company had a trading volume of 1,004,373 shares. The firm’s market capitalization is $1.79 billion. The stock’s 50-day moving average price is $7.20 and its 200 day moving average price is $6.55. Enerplus Corp. has a 52-week low of $1.84 and a 52-week high of $8.24.

Enerplus Corp. (NYSE:ERF) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.43. Enerplus Corp. had a negative return on equity of 81.49% and a negative net margin of 152.64%. The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $173.16 million. During the same period in the prior year, the company earned ($1.42) EPS. On average, equities analysts anticipate that Enerplus Corp. will post ($1.16) earnings per share for the current fiscal year.

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The business also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $0.007 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.08 annualized dividend and a yield of 1.08%. Enerplus Corp.’s dividend payout ratio is currently -2.37%.

Several hedge funds have recently made changes to their positions in ERF. Sequoia Financial Advisors LLC acquired a new stake in shares of Enerplus Corp. during the second quarter valued at $100,000. Advisor Group Inc. acquired a new stake in shares of Enerplus Corp. during the second quarter valued at $111,000. San Francisco Sentry Investment Group CA increased its stake in shares of Enerplus Corp. by 1.6% in the second quarter. San Francisco Sentry Investment Group CA now owns 17,016 shares of the company’s stock valued at $112,000 after buying an additional 262 shares in the last quarter. Creative Planning increased its stake in shares of Enerplus Corp. by 27.5% in the second quarter. Creative Planning now owns 18,706 shares of the company’s stock valued at $123,000 after buying an additional 4,029 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Enerplus Corp. by 242.5% in the third quarter. Tower Research Capital LLC TRC now owns 20,421 shares of the company’s stock valued at $131,000 after buying an additional 14,458 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

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.

5 Day Chart for NYSE:ERF

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