Enerplus Corp (ERF) PT Raised to C$15.50
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective raised by TD Securities from C$15.00 to C$15.50 in a research report report published on Friday. The firm currently has a buy rating on the oil and natural gas company’s stock.
Several other research analysts have also recently commented on the stock. Raymond James Financial, Inc. increased their target price on shares of Enerplus Corp from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Friday. National Bank Financial increased their target price on shares of Enerplus Corp from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Friday. BMO Capital Markets restated an outperform rating and set a C$16.00 target price on shares of Enerplus Corp in a report on Friday. Finally, Barclays PLC increased their target price on shares of Enerplus Corp from C$14.00 to C$15.00 in a report on Monday, August 14th. Ten analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of C$15.77.
Enerplus Corp (TSE:ERF) opened at C$12.34 on Friday. Enerplus Corp has a 1-year low of C$8.50 and a 1-year high of C$13.55.
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The company also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 30th will be paid a $0.01 dividend. This represents a yield of 1.12%. The ex-dividend date is Friday, October 27th. Enerplus Corp’s dividend payout ratio is currently 2.91%.
In other Enerplus Corp news, Director Glen Dawson Roane sold 20,000 shares of the stock in a transaction on 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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