Enerplus Corp (ERF) Receives Average Rating of “Buy” from Analysts
Shares of Enerplus Corp (TSE:ERF) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$10.23.
ERF has been the topic of several research reports. BMO Capital Markets reiterated a “market perform” rating and issued a C$11.00 price target on shares of Enerplus Corp in a research report on Tuesday, August 16th. Barclays PLC boosted their price objective on Enerplus Corp from C$10.00 to C$12.00 in a report on Friday, July 22nd. TD Securities restated a “buy” rating and set a C$12.50 price objective on shares of Enerplus Corp in a report on Wednesday, October 5th. Desjardins set a C$9.25 price objective on Enerplus Corp in a report on Tuesday, June 28th. Finally, CIBC boosted their price objective on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th.
Enerplus Corp (TSE:ERF) traded down 2.85% during midday trading on Wednesday, hitting $9.53. 709,950 shares of the company traded hands. Enerplus Corp has a 12-month low of $2.68 and a 12-month high of $10.06. The stock has a 50 day moving average price of $8.74 and a 200-day moving average price of $7.73. The company’s market cap is $2.29 billion.
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The company also recently declared a oct 16 dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, September 27th. This represents a dividend yield of 1.5%.
About Enerplus Corp
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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