CSFB Increases Enerplus Corp (ERF) Price Target to C$14.00
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price target lifted by CSFB from C$12.00 to C$14.00 in a research report issued to clients and investors on Monday. CSFB’s price target indicates a potential upside of 41.41% from the company’s previous close.
Several other equities analysts have also commented on ERF. Scotiabank increased their price objective on shares of Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. TD Securities restated a “buy” rating and issued a C$12.50 target price on shares of Enerplus Corp in a report on Tuesday, November 15th. Royal Bank Of Canada raised their target price on shares of Enerplus Corp from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 15th. FirstEnergy Capital raised their target price on shares of Enerplus Corp from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Monday, August 8th. Finally, Raymond James Financial Inc. raised their target price on shares of Enerplus Corp from C$10.50 to C$11.00 in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Enerplus Corp has a consensus rating of “Buy” and an average target price of C$11.20.
Shares of Enerplus Corp (TSE:ERF) opened at 9.90 on Monday. Enerplus Corp has a 1-year low of $2.68 and a 1-year high of $11.09. The company’s market cap is $2.38 billion. The company’s 50-day moving average is $9.65 and its 200 day moving average is $8.62.
The firm also recently announced 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. This represents a yield of 1.13%. The ex-dividend date is Monday, November 28th.
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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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