Enerplus Corp (TSE:ERF)‘s stock had its “buy” rating reiterated by stock analysts at TD Securities in a report issued on Wednesday, StockTargetPrices.com reports. They currently have a C$12.50 price target on the stock. TD Securities’ price objective would suggest a potential upside of 37.21% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a C$11.00 price target on shares of Enerplus Corp in a research report on Tuesday, August 16th. Scotiabank raised their price target on Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. FirstEnergy Capital raised their price target on Enerplus Corp from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research report on Monday, August 8th. Barclays PLC raised their price target on Enerplus Corp from C$12.00 to C$13.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. Finally, Raymond James Financial Inc. raised their price target on Enerplus Corp from C$10.50 to C$11.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$10.13.
Enerplus Corp (TSE:ERF) traded up 8.56% on Wednesday, reaching $9.89. 2,645,531 shares of the company’s stock were exchanged. The company’s market capitalization is $2.38 billion. Enerplus Corp has a 1-year low of $2.68 and a 1-year high of $10.06. The company has a 50 day moving average price of $8.76 and a 200-day moving average price of $7.59.
The company also recently disclosed a oct 16 dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be paid a $0.01 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 27th.
Enerplus Corp Company Profile
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.
Receive News & Ratings for Enerplus Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus Corp and related companies with MarketBeat.com's FREE daily email newsletter.