Enerplus Corp (ERF) Stock Rating Reaffirmed by Capital One Financial Corporation
Enerplus Corp (TSE:ERF) (NYSE:ERF)‘s stock had its “overweight” rating reiterated by research analysts at Capital One Financial Corporation in a research note issued to investors on Tuesday.
A number of other equities research analysts have also commented on ERF. Raymond James Financial, Inc. increased their price target on Enerplus Corp from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research report on Monday, May 8th. TD Securities increased their price target on Enerplus Corp from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Monday, May 8th. Royal Bank Of Canada increased their price target on Enerplus Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Scotiabank increased their price target on Enerplus Corp from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research report on Monday, May 15th. Eleven research analysts have rated the stock with a buy rating, Enerplus Corp has an average rating of “Buy” and a consensus target price of C$15.08.
Enerplus Corp (TSE:ERF) traded up 0.94% during trading on Tuesday, hitting $10.69. 895,261 shares of the company traded hands. The firm has a market capitalization of $2.59 billion and a P/E ratio of 3.98. The stock has a 50-day moving average price of $10.84 and a 200-day moving average price of $11.27. Enerplus Corp has a 12-month low of $7.43 and a 12-month high of $13.55.
The company also recently declared a jul 17 dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 29th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 27th. This represents a dividend yield of 1.12%.
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About Enerplus Corp
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
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