Enerplus (ERF) PT Raised to C$18.25

Enerplus (TSE:ERF) (NYSE:ERF) had its target price upped by Raymond James Financial from C$16.75 to C$18.25 in a research report report published on Wednesday morning. The firm currently has an outperform rating on the oil and natural gas company’s stock.

ERF has been the subject of several other reports. TD Securities upped their price target on Enerplus from C$17.50 to C$18.50 and gave the stock a buy rating in a research note on Wednesday. Barclays upped their price target on Enerplus from C$16.00 to C$17.00 in a research note on Wednesday. Scotiabank upped their price target on Enerplus from C$17.50 to C$18.50 and gave the stock an outperform rating in a research note on Wednesday. BMO Capital Markets restated an outperform rating and set a C$16.00 price target on shares of Enerplus in a research note on Friday, November 10th. Finally, National Bank Financial upped their price target on Enerplus from C$15.00 to C$21.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$17.22.

Enerplus (ERF) opened at C$13.52 on Wednesday. The company has a market capitalization of $3,270.00, a price-to-earnings ratio of 3.27 and a beta of 1.01. Enerplus has a 12 month low of C$8.97 and a 12 month high of C$13.92.

Enerplus (TSE:ERF) (NYSE:ERF) last released its earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%.

The company also recently declared a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a yield of 0.000741289844329133%. Enerplus’s dividend payout ratio 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).

Analyst Recommendations for Enerplus (TSE:ERF)

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