Enerplus Corp (ERF) Given New C$12.00 Price Target at RBC Capital Markets
Enerplus Corp (TSE:ERF) had its price target hoisted by equities research analysts at RBC Capital Markets from C$11.00 to C$12.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. RBC Capital Markets’ target price points to a potential upside of 28.07% from the company’s previous close.
ERF has been the topic of several other reports. TD Securities restated a “buy” rating and set a C$12.50 target price on shares of Enerplus Corp in a report on Wednesday, October 5th. Desjardins set a C$9.25 target price on Enerplus Corp in a report on Tuesday, June 28th. Barclays PLC boosted their target price on Enerplus Corp from C$10.00 to C$12.00 in a report on Friday, July 22nd. CIBC boosted their target price on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$9.00 target price on shares of Enerplus Corp in a report on Wednesday, June 22nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Enerplus Corp currently has an average rating of “Buy” and a consensus price target of C$10.48.
Shares of Enerplus Corp (TSE:ERF) traded up 3.20% on Tuesday, reaching $9.67. The company had a trading volume of 2,246,938 shares. Enerplus Corp has a 1-year low of $2.68 and a 1-year high of $10.06. The company’s 50 day moving average price is $8.75 and its 200-day moving average price is $7.87. The stock’s market capitalization is $2.33 billion.
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The business also recently disclosed a oct 16 dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were given a dividend of $0.01 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 27th.
Enerplus Corp Company Profile
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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