Royal Bank Of Canada Increases Enerplus Corp (ERF) Price Target to C$12.00
Enerplus Corp (TSE:ERF) had its price target increased by equities researchers at Royal Bank Of Canada from C$11.00 to C$12.00 in a note issued to investors on Tuesday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 28.07% from the company’s current price.
ERF has been the subject of a number of other reports. TD Securities restated a “buy” rating and set a C$12.50 price target on shares of Enerplus Corp in a research note on Wednesday, October 5th. Desjardins set a C$9.25 price target on Enerplus Corp in a research note on Tuesday, June 28th. Barclays PLC boosted their price target on Enerplus Corp from C$10.00 to C$12.00 in a research note on Friday, July 22nd. CIBC boosted their price target on Enerplus Corp from C$10.50 to C$11.50 in a research note on Wednesday, July 20th. Finally, Raymond James Financial Inc. boosted their price target on Enerplus Corp from C$10.50 to C$11.00 in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$10.37.
Shares of Enerplus Corp (TSE:ERF) traded up 3.42% during trading on Tuesday, hitting $9.69. 429,750 shares of the company were exchanged. Enerplus Corp has a 1-year low of $2.68 and a 1-year high of $10.06. The company has a 50 day moving average of $8.75 and a 200-day moving average of $7.87. The stock’s market capitalization is $2.33 billion.
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The firm also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 29th were issued a $0.01 dividend. The ex-dividend date was Tuesday, September 27th. This represents a 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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