Enerplus Corp (ERF) Price Target Raised to C$12.00 at RBC Capital Markets
Enerplus Corp (TSE:ERF) had its price target raised by RBC Capital Markets from C$11.00 to C$12.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital Markets’ price target suggests a potential upside of 28.07% from the company’s current price.
Other analysts have also issued research reports about the company. Raymond James Financial Inc. lifted their price objective on Enerplus Corp from C$10.50 to C$11.00 in a report on Friday, August 5th. Barclays PLC lifted their price objective on Enerplus Corp from C$10.00 to C$12.00 in a report on Friday, July 22nd. CIBC lifted their price objective on Enerplus Corp from C$10.50 to C$11.50 in a report on Wednesday, July 20th. Desjardins set a C$9.25 price objective on Enerplus Corp in a report on Tuesday, June 28th. Finally, TD Securities boosted their price target on Enerplus Corp from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$10.48.
Enerplus Corp (TSE:ERF) traded up 1.974% during mid-day trading on Tuesday, hitting $9.555. The company’s stock had a trading volume of 1,145,935 shares. The stock’s market cap is $2.30 billion. Enerplus Corp has a 52-week low of $2.68 and a 52-week high of $10.06. The company’s 50 day moving average is $8.75 and its 200-day moving average is $7.87.
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The company also recently announced a oct 16 dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 29th were given a $0.01 dividend. 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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