Enerplus Corp Receives Average Recommendation of “Buy” from Analysts (TSE:ERF)
Shares of Enerplus Corp (TSE:ERF) have received a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Analyst Ratings.Net reports. Seven investment analysts have rated the stock with a buy recommendation, The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$25.03.
Enerplus Corp (TSE:ERF) opened at 24.12 on Wednesday. Enerplus Corp has a 52 week low of $14.30 and a 52 week high of $24.79. The stock has a 50-day moving average of $23.65 and a 200-day moving average of $21.15. The company has a P/E ratio of 45.60.
Enerplus Corp (TSE:ERF) last announced its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.14.
The company also recently announced a jun 14 dividend, which is scheduled for Friday, June 20th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 3rd.
ERF has been the subject of a number of recent research reports. Analysts at TD Securities raised their price target on shares of Enerplus Corp from C$27.00 to C$28.00 in a research note on Monday, May 12th. Separately, 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. Finally, analysts at CIBC raised their price target on shares of Enerplus Corp from C$26.00 to C$27.50 in a research note on Tuesday, April 15th. They now have an “outperform” rating on the stock.
Enerplus Corporation (TSE:ERF) is a North American crude oil and natural gas exploration and development company.
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