National Bank Financial Boosts Enerplus Corp (ERF) Price Target to C$15.00

Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price objective upped by National Bank Financial from C$14.00 to C$15.00 in a research note published on Friday morning. National Bank Financial currently has an outperform rating on the oil and natural gas company’s stock.

A number of other research firms have also commented on ERF. BMO Capital Markets reiterated an outperform rating and set a C$16.00 price objective on shares of Enerplus Corp in a research note on Friday. TD Securities raised their target price on shares of Enerplus Corp from C$13.00 to C$15.00 in a report on Monday, August 14th. Raymond James Financial, Inc. raised their target price on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the stock an outperform rating in a report on Monday, August 14th. Finally, Barclays PLC raised their target price on shares of Enerplus Corp from C$14.00 to C$15.00 in a report on Monday, August 14th. Ten research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of C$15.77.

Enerplus Corp (TSE ERF) opened at C$12.34 on Friday. Enerplus Corp has a 12 month low of C$8.50 and a 12 month high of C$13.55.

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The company also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors 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 2.91%.

In related news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction that occurred 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).

Analyst Recommendations for Enerplus Corp (TSE:ERF)

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