Enerplus Corp (ERF) Given New C$12.00 Price Target at Royal Bank Of Canada
Enerplus Corp (TSE:ERF) had its price objective lifted by stock analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a report released on Tuesday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 28.07% from the stock’s previous close.
A number of other research analysts have also issued reports on ERF. Scotiabank boosted their target price on shares of Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Monday, August 8th. Barclays PLC upped their price target on shares of Enerplus Corp from C$8.00 to C$10.00 in a research note on Wednesday, June 22nd. Desjardins reaffirmed a “hold” rating and issued a C$8.25 price target on shares of Enerplus Corp in a research note on Wednesday, June 22nd. FirstEnergy Capital upped their price target on shares of Enerplus Corp from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, TD Securities reduced their price target on shares of Enerplus Corp from C$10.00 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$10.37.
Shares of Enerplus Corp (TSE:ERF) traded up 1.49% on Tuesday, hitting $9.51. 889,283 shares of the stock were exchanged. The firm’s 50-day moving average is $8.75 and its 200-day moving average is $7.87. The company’s market cap is $2.29 billion. Enerplus Corp has a one year low of $2.68 and a one year high of $10.06.
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The company also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, September 27th. This represents a dividend yield of 1.5%.
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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