Enerplus (TSE:ERF) (NYSE:ERF) had its target price raised by TD Securities from C$17.50 to C$18.50 in a research report released on Wednesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.

Other equities analysts have also issued reports about the stock. Barclays upped their price objective on shares of Enerplus from C$16.00 to C$17.00 in a report on Wednesday. Raymond James Financial upped their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Friday, November 10th. BMO Capital Markets restated an outperform rating and issued a C$16.00 price objective on shares of Enerplus in a report on Thursday, December 14th. Finally, National Bank Financial upped their price objective on shares of Enerplus from C$15.00 to C$21.00 and gave the stock an outperform rating in a report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of C$17.22.

Enerplus (TSE:ERF) opened at C$13.52 on Wednesday. Enerplus has a fifty-two week low of C$8.97 and a fifty-two week high of C$13.92. The company has a market cap of $3,270.00, a P/E ratio of 3.27 and a beta of 1.01.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.01). Enerplus had a return on equity of 4.05% and a net margin of 8.23%.

The firm also recently announced a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a yield of 0.000741289844329133%. Enerplus’s dividend payout ratio (DPR) is presently 2.91%.

COPYRIGHT VIOLATION NOTICE: “TD Securities Raises Enerplus (ERF) Price Target to C$18.50” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/01/20/td-securities-raises-enerplus-erf-price-target-to-c18-50.html.

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).

Analyst Recommendations for Enerplus (TSE:ERF)

Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.