Enerplus Corp Given Average Recommendation of “Buy” by Brokerages (NYSE:ERF)
Shares of Enerplus Corp (NYSE:ERF) have received an average rating of “Buy” from the ten brokerages that are presently covering the company, AnalystRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers 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) opened at 22.36 on Wednesday. Enerplus Corp has a 1-year low of $15.53 and a 1-year high of $25.37. The stock has a 50-day moving average of $23.96 and a 200-day moving average of $21.29. The company has a market cap of $4.566 billion and a price-to-earnings ratio of 48.90.
Enerplus Corp (NYSE:ERF) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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. Stockholders 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 4.50%. 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.
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