Brokerages Set Enerplus Corp (ERF) Target Price at $15.43

Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$15.43.

ERF has been the topic of a number of research reports. Barclays PLC raised their price target on shares of Enerplus Corp from C$14.00 to C$15.00 in a research note on Monday, August 14th. Raymond James Financial, Inc. raised their price target on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Monday, August 14th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Enerplus Corp in a research note on Tuesday, July 11th. Finally, TD Securities raised their price target on shares of Enerplus Corp from C$13.00 to C$15.00 in a research note on Monday, August 14th.

Shares of Enerplus Corp (ERF) traded up 3.65% during midday trading on Friday, hitting $11.92. The stock had a trading volume of 3,775,312 shares. The stock has a market cap of $2.89 billion and a PE ratio of 3.13. The firm has a 50 day moving average price of $11.11 and a 200-day moving average price of $10.79. Enerplus Corp has a 52-week low of $7.43 and a 52-week high of $13.55.

The firm also recently announced a oct 17 dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, September 27th.

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Enerplus Corp 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 Corp (TSE:ERF)

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