Enerplus Corp (ERF) Price Target Increased to C$12.00 by Analysts at RBC Capital Markets

Enerplus Corp (TSE:ERF) had its price objective increased by RBC Capital Markets from C$11.00 to C$12.00 in a report published on Tuesday. They currently have an outperform rating on the stock.

ERF has been the subject of several other reports. Barclays PLC increased their price target on Enerplus Corp from C$10.00 to C$12.00 in a research report on Friday, July 22nd. Raymond James Financial Inc. upped their price objective on Enerplus Corp from C$10.50 to C$11.00 in a research note on Friday, August 5th. TD Securities restated a buy rating and issued a C$12.50 price objective on shares of Enerplus Corp in a research note on Wednesday, October 5th. Scotiabank upped their price objective on Enerplus Corp from C$10.00 to C$11.00 and gave the company a sector perform rating in a research note on Monday, August 8th. Finally, FirstEnergy Capital upped their price objective on Enerplus Corp from C$11.00 to C$11.50 and gave the company an outperform rating in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$10.48.

Analyst Recommendations for Enerplus Corp (TSE:ERF)

Shares of Enerplus Corp (TSE:ERF) opened at 9.67 on Tuesday. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.06. The firm’s market cap is $2.33 billion. The company has a 50-day moving average price of $8.77 and a 200 day moving average price of $7.90.

The business also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 29th were given a dividend of $0.01 per share. This represents a yield of 1.5%. The ex-dividend date was Tuesday, September 27th.

About Enerplus Corp

Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.

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