Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have been assigned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$15.77.
ERF has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 price target on shares of Enerplus in a research note on Friday, November 10th. Barclays increased their price target on shares of Enerplus from C$15.00 to C$16.00 in a research note on Monday, November 13th. Raymond James Financial increased their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. TD Securities increased their price target on shares of Enerplus from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, National Bank Financial increased their price target on shares of Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, November 10th.
In other news, Director Glen Dawson Roane sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of C$11.92, for a total transaction of C$238,400.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. Enerplus’s dividend payout ratio (DPR) is presently 2.91%.
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Enerplus 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).
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