Enerplus (TSE:ERF) (NYSE:ERF) had its price objective boosted by investment analysts at TD Securities from C$20.00 to C$21.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. TD Securities’ target price would indicate a potential upside of 24.93% from the stock’s previous close.

ERF has been the topic of a number of other research reports. CSFB upped their target price on Enerplus from C$20.00 to C$23.00 in a research report on Wednesday, July 11th. Raymond James boosted their price target on Enerplus from C$20.00 to C$23.50 in a report on Thursday, July 5th. National Bank Financial decreased their price target on Enerplus from C$19.50 to C$18.50 and set an “outperform” rating for the company in a report on Friday, May 4th. CIBC boosted their price target on Enerplus from C$19.00 to C$20.00 in a report on Friday, May 18th. Finally, Canaccord Genuity boosted their price target on Enerplus from C$18.00 to C$21.00 in a report on Tuesday, July 10th. Six analysts have rated the stock with a buy rating, Enerplus has an average rating of “Buy” and a consensus target price of C$20.46.

Shares of TSE ERF opened at C$16.81 on Monday. Enerplus has a 52 week low of C$10.55 and a 52 week high of C$18.04.

In other news, insider Raymond John Daniels sold 29,252 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of C$17.40, for a total transaction of C$508,984.80. Also, insider Edward Mclaughlin sold 22,291 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of C$16.32, for a total value of C$363,789.12. Insiders sold 55,593 shares of company stock valued at $941,421 over the last three months.

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. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.

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Analyst Recommendations for Enerplus (TSE:ERF)

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