Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have received an average rating of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$15.43.

Several equities analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Enerplus Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Monday, May 15th. TD Securities boosted their target price on shares of Enerplus Corp from C$13.00 to C$15.00 in a report on Monday, August 14th. Scotiabank boosted their target price on shares of Enerplus Corp from C$16.50 to C$17.50 and gave the company an “outperform” rating in a report on Monday, May 15th. Raymond James Financial, Inc. boosted their target price on shares of Enerplus Corp from C$14.50 to C$15.50 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Barclays PLC boosted their target price on shares of Enerplus Corp from C$14.00 to C$15.00 in a report on Monday, August 14th.

Shares of Enerplus Corp (ERF) traded up 2.95% during trading on Wednesday, hitting $11.16. The stock had a trading volume of 463,238 shares. The stock’s 50-day moving average price is $10.93 and its 200 day moving average price is $10.91. The firm has a market capitalization of $2.70 billion and a P/E ratio of 2.93. Enerplus Corp has a 1-year low of $7.43 and a 1-year high of $13.55.

The business also recently disclosed a sep 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 29th.

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Enerplus Corp Company Profile

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.

Analyst Recommendations for Enerplus Corp (TSE:ERF)

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