Enerplus (TSE:ERF) Price Target Raised to C$20.00 at Desjardins

Enerplus (TSE:ERF) (NYSE:ERF) had its price target upped by equities research analysts at Desjardins from C$19.25 to C$20.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “tender” rating on the oil and natural gas company’s stock. Desjardins’ price objective would suggest a potential downside of 27.98% from the stock’s current price.

A number of other analysts also recently commented on the company. ATB Capital reduced their price objective on Enerplus from C$27.00 to C$26.50 in a research report on Tuesday, January 2nd. Stifel Nicolaus raised their target price on Enerplus from C$27.25 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank lifted their price target on shares of Enerplus from C$24.00 to C$25.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. Finally, National Bankshares dropped their price objective on shares of Enerplus from C$21.00 to C$18.85 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.36.

Enerplus Stock Performance

ERF stock traded up C$0.16 on Tuesday, reaching C$27.77. 145,993 shares of the company were exchanged, compared to its average volume of 603,486. The firm has a market capitalization of C$5.64 billion, a PE ratio of 9.77, a PEG ratio of 0.25 and a beta of 2.65. Enerplus has a 12 month low of C$18.23 and a 12 month high of C$28.84. The stock’s fifty day moving average price is C$25.27 and its 200 day moving average price is C$22.63. The company has a debt-to-equity ratio of 17.31, a current ratio of 0.80 and a quick ratio of 0.61.

Enerplus (TSE:ERF) (NYSE:ERF) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.03. Enerplus had a net margin of 29.85% and a return on equity of 39.59%. The company had revenue of C$595.12 million for the quarter. On average, research analysts anticipate that Enerplus will post 3.001087 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Ian Charles Dundas sold 104,537 shares of Enerplus stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$24.13, for a total transaction of C$2,521,965.58. 0.29% of the stock is owned by corporate insiders.

About Enerplus

Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada.