Enerplus (ERF) Price Target Increased to C$18.25 by Analysts at Raymond James Financial
Enerplus (TSE:ERF) (NYSE:ERF) had its target price boosted by Raymond James Financial from C$16.75 to C$18.25 in a report released on Wednesday morning. Raymond James Financial currently has an outperform rating on the oil and natural gas company’s stock.
ERF has been the topic of several other research reports. Barclays increased their price objective on Enerplus from C$16.00 to C$17.00 in a research report on Wednesday. TD Securities increased their price objective on Enerplus from C$17.50 to C$18.50 and gave the stock a buy rating in a research report on Wednesday. National Bank Financial increased their price objective on Enerplus from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Scotiabank increased their price objective on Enerplus from C$17.50 to C$18.50 and gave the stock an outperform rating in a research report on Wednesday. Finally, BMO Capital Markets reiterated an outperform rating and set a C$16.00 price objective on shares of Enerplus in a research report on Thursday, December 14th. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$17.22.
Enerplus (TSE:ERF) traded down C$0.34 during mid-day trading on Wednesday, reaching C$13.49. The company’s stock had a trading volume of 2,445,883 shares, compared to its average volume of 1,158,573. The company has a market cap of $3,270.00, a PE ratio of 3.27 and a beta of 1.01. Enerplus has a 1 year low of C$8.97 and a 1 year high of C$13.92.
The business also recently declared a jan 18 dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Enerplus’s payout ratio is currently 2.91%.
Enerplus Company Profile
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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