Enerplus Corp Stock Rating Upgraded by Bank of America (ERF)
Enerplus Corp (NYSE:ERF) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Enerplus Corp (NYSE:ERF) opened at 21.26 on Tuesday. Enerplus Corp has a 52-week low of $13.57 and a 52-week high of $22.63. The stock’s 50-day moving average is $21.35 and its 200-day moving average is $19.24. The company has a market cap of $4.320 billion and a price-to-earnings ratio of 45.24.
Enerplus Corp (NYSE:ERF) last released its earnings data on Friday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Analysts expect that Enerplus Corp will post $0.73 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, May 20th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.0816 per share. This represents a $0.98 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, May 1st.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Enerplus Corp in a research note on Wednesday, May 14th. Separately, analysts at Zacks upgraded shares of Enerplus Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $23.20 price target on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Enerplus Corp from C$25.00 to C$27.00 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.05.
Enerplus Corporation (NYSE:ERF) is a North American crude oil and natural gas exploration and development company.
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