Enerplus Corp (ERF) Receives “Buy” Rating from TD Securities

TD Securities restated their buy rating on shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) in a research note published on Tuesday morning. The firm currently has a C$12.50 price objective on the stock.

Several other research firms have also weighed in on ERF. Canaccord Genuity boosted their target price on Enerplus Corp from C$10.75 to C$11.00 in a report on Friday, October 21st. BMO Capital Markets restated a market perform rating and issued a C$11.00 target price on shares of Enerplus Corp in a report on Tuesday, August 16th. RBC Capital Markets boosted their target price on Enerplus Corp from C$11.00 to C$12.00 and gave the stock an outperform rating in a report on Tuesday, October 18th. Royal Bank Of Canada boosted their target price on Enerplus Corp from C$11.00 to C$12.00 and gave the stock an outperform rating in a report on Tuesday, October 18th. Finally, FirstEnergy Capital boosted their target price on Enerplus Corp from C$11.00 to C$11.50 and gave the stock an outperform rating in a report on Monday, August 8th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Enerplus Corp presently has an average rating of Buy and an average target price of C$11.02.

Enerplus Corp (TSE:ERF) opened at 10.07 on Tuesday. The stock’s 50 day moving average is $9.37 and its 200 day moving average is $8.40. Enerplus Corp has a one year low of $2.68 and a one year high of $10.30. The stock’s market capitalization is $2.42 billion.

The company also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, November 28th.

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.

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