Enerplus Corp (ERF) Stock Rating Reaffirmed by BMO Capital Markets
BMO Capital Markets restated their outperform rating on shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) in a report released on Friday morning. The firm currently has a C$16.00 price objective on the oil and natural gas company’s stock.
Other analysts also recently issued reports about the company. Barclays PLC increased their price target on Enerplus Corp from C$14.00 to C$15.00 in a report on Monday, August 14th. TD Securities increased their price target on Enerplus Corp from C$13.00 to C$15.00 in a report on Monday, August 14th. Finally, Raymond James Financial, Inc. increased their price target on Enerplus Corp from C$13.50 to C$14.25 and gave the company an outperform rating in a report on Monday, August 14th. Ten equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of C$15.77.
Shares of Enerplus Corp (ERF) opened at C$12.34 on Friday. Enerplus Corp has a twelve month low of C$8.50 and a twelve month high of C$13.55.
The company also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th will be given a $0.01 dividend. The ex-dividend date is Friday, October 27th. This represents a yield of 1.12%. Enerplus Corp’s payout ratio is currently 2.91%.
In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total value of C$243,800.00.
About Enerplus Corp
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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