TD Securities Reaffirms Buy Rating for Enerplus Corp (ERF)
Enerplus Corp (TSE:ERF)‘s stock had its “buy” rating reissued by stock analysts at TD Securities in a report released on Tuesday. They currently have a C$12.50 price objective on the stock. TD Securities’ target price would suggest a potential upside of 33.40% from the company’s current price.
Other analysts have also recently issued reports about the company. Barclays PLC increased their target price on Enerplus Corp from C$10.00 to C$12.00 in a research note on Friday, July 22nd. Raymond James Financial Inc. increased their price objective on Enerplus Corp from C$10.50 to C$11.00 in a report on Friday, August 5th. Scotiabank increased their price objective on Enerplus Corp from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. RBC Capital Markets increased their price objective on Enerplus Corp from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, FirstEnergy Capital increased their price objective on Enerplus Corp from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Monday, August 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Enerplus Corp has an average rating of “Buy” and an average target price of C$10.48.
Enerplus Corp (TSE:ERF) traded up 2.615% during mid-day trading on Tuesday, reaching $9.615. 1,520,291 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $8.75 and a 200 day moving average price of $7.87. Enerplus Corp has a 52-week low of $2.68 and a 52-week high of $10.06. The company’s market cap is $2.31 billion.
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The firm also recently declared a oct 16 dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 29th were paid a $0.01 dividend. This represents a yield of 1.5%. The ex-dividend date 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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