Enerplus Corp Given Average Recommendation of “Buy” by Brokerages (NYSE:ERF)
Enerplus Corp (NYSE:ERF) has been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $28.96.
A number of analysts have recently weighed in on ERF shares. Analysts at Zacks downgraded shares of Enerplus Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $26.70 price target on the stock. Separately, analysts at Scotiabank raised their price target on shares of Enerplus Corp from C$26.00 to C$32.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Enerplus Corp from C$27.50 to C$30.00 in a research note on Thursday, June 19th.
Shares of Enerplus Corp (NYSE:ERF) traded down 0.13% on Wednesday, hitting $23.52. The stock had a trading volume of 53,121 shares. Enerplus Corp has a one year low of $15.53 and a one year high of $25.37. The stock’s 50-day moving average is $23.98 and its 200-day moving average is $21.23. The company has a market cap of $4.803 billion and a price-to-earnings ratio of 50.00.
Enerplus Corp (NYSE:ERF) last announced its earnings results 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. On average, analysts predict that Enerplus Corp will post $1.08 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.0838 per share. This represents a $1.01 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Friday, August 1st.
Enerplus Corporation (NYSE:ERF) is a North American crude oil and natural gas exploration and development company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.