Enerplus’ (ERF) Outperform Rating Reaffirmed at Raymond James
Raymond James reaffirmed their outperform rating on shares of Enerplus (TSE:ERF) (NYSE:ERF) in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James currently has a C$11.00 price target on the oil and natural gas company’s stock.
Other equities research analysts have also recently issued research reports about the company. CIBC raised their target price on Enerplus from C$14.00 to C$14.50 in a research note on Monday, August 12th. Royal Bank of Canada cut their target price on Enerplus from C$14.00 to C$13.00 in a research note on Friday, October 18th. National Bank Financial raised their target price on Enerplus from C$14.00 to C$15.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Finally, Capital One Financial raised Enerplus from an equal weight rating to an overweight rating in a research note on Friday, November 8th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average price target of C$15.50.
ERF stock traded down C$0.21 during midday trading on Tuesday, hitting C$8.42. 697,993 shares of the company’s stock were exchanged, compared to its average volume of 1,019,954. The business has a 50-day simple moving average of C$8.75 and a two-hundred day simple moving average of C$9.45. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 34.72. The stock has a market capitalization of $1.87 billion and a PE ratio of 4.65. Enerplus has a 1-year low of C$7.32 and a 1-year high of C$13.70.
Enerplus Company Profile
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
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