Enerplus Corp (TSE:ERF) (NYSE:ERF) – Research analysts at Capital One Financial Corporation increased their FY2017 earnings per share estimates for shares of Enerplus Corp in a research report issued on Monday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $0.87 for the year, up from their prior estimate of $0.70. Capital One Financial Corporation has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Enerplus Corp’s FY2018 earnings at $0.60 EPS.

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Several other brokerages have also recently issued reports on ERF. Barclays PLC dropped their target price on shares of Enerplus Corp from C$15.00 to C$14.00 in a report on Monday, July 24th. Scotiabank increased their target price on shares of Enerplus Corp from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a report on Monday, May 8th. TD Securities increased their target price on shares of Enerplus Corp from C$14.50 to C$15.50 and gave the stock a “buy” rating in a report on Monday, May 15th. Royal Bank Of Canada increased their target price on shares of Enerplus Corp from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Finally, Raymond James Financial, Inc. increased their target price on shares of Enerplus Corp from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a report on Monday, May 15th. Ten research analysts have rated the stock with a buy rating, Enerplus Corp has a consensus rating of “Buy” and an average price target of C$15.25.

Shares of Enerplus Corp (TSE ERF) opened at 11.32 on Thursday. Enerplus Corp has a 52 week low of $7.43 and a 52 week high of $13.55. The stock’s 50 day moving average is $10.89 and its 200-day moving average is $10.93. The company has a market cap of $2.74 billion and a price-to-earnings ratio of 4.21.

The company also recently declared a aug 17 dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.01 per share. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, July 27th.

About Enerplus Corp

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company’s oil and natural gas properties are located primarily in North Dakota, Montana, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.

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