Enerplus Corp (TSE:ERF) (NYSE:ERF) has received an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$15.43.

Several equities analysts have recently commented on ERF shares. Barclays PLC boosted their target price on shares of Enerplus Corp from C$14.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. boosted their target price on shares of Enerplus Corp from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research report on Monday, August 14th. Capital One Financial Corporation restated an “overweight” rating on shares of Enerplus Corp in a research report on Tuesday, July 11th. Finally, TD Securities boosted their target price on shares of Enerplus Corp from C$13.00 to C$15.00 in a research report on Monday, August 14th.

In related news, Director Glen Dawson Roane sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$12.19, for a total transaction of C$243,800.00.

Enerplus Corp (TSE:ERF) traded down 1.94% on Thursday, reaching $11.12. 1,304,027 shares of the company traded hands. The firm has a market cap of $2.69 billion and a P/E ratio of 2.92. Enerplus Corp has a 52-week low of $8.50 and a 52-week high of $13.55. The stock has a 50-day moving average price of $11.49 and a 200-day moving average price of $10.91.

The business also recently disclosed a oct 17 dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 28th will be given a dividend of $0.01 per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, September 27th.

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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).

Analyst Recommendations for Enerplus Corp (TSE:ERF)

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