TD Securities Raises Enerplus (ERF) Price Target to C$19.50

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Enerplus (TSE:ERF) (NYSE:ERF) had its price objective increased by TD Securities from C$18.50 to C$19.50 in a report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the oil and natural gas company’s stock.

Several other brokerages have also recently commented on ERF. Raymond James restated a strong-buy rating and set a C$20.00 price objective on shares of Enerplus in a research note on Monday, January 28th. National Bank Financial lifted their price objective on shares of Enerplus from C$16.50 to C$17.50 in a research note on Monday, April 8th. CIBC decreased their price objective on shares of Enerplus from C$22.00 to C$18.00 in a research note on Friday, February 1st. BMO Capital Markets restated an outperform rating and set a C$17.00 price objective on shares of Enerplus in a research note on Monday, January 28th. Finally, Capital One Financial lowered shares of Enerplus from an overweight rating to an equal weight rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$19.13.

Shares of TSE ERF opened at C$11.84 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 38.16. Enerplus has a 12 month low of C$9.65 and a 12 month high of C$18.04. The company has a market cap of $2.79 billion and a price-to-earnings ratio of 7.90.

Enerplus (TSE:ERF) (NYSE:ERF) last announced its quarterly earnings data on Friday, February 22nd. The oil and natural gas company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.04. The business had revenue of C$326.70 million for the quarter, compared to analyst estimates of C$329.00 million. As a group, equities research analysts forecast that Enerplus will post 1.49999998733108 earnings per share for the current year.

The company also recently announced a may 19 dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.97%. The ex-dividend date was Monday, April 29th. Enerplus’s dividend payout ratio (DPR) is 8.01%.

About Enerplus

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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Analyst Recommendations for Enerplus (TSE:ERF)

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