Enerplus (ERF) Given New C$18.50 Price Target at TD Securities

Enerplus (TSE:ERF) (NYSE:ERF) had its price objective boosted by investment analysts at TD Securities from C$17.50 to C$18.50 in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. TD Securities’ price target points to a potential upside of 33.77% from the stock’s previous close.

A number of other brokerages also recently issued reports on ERF. BMO Capital Markets restated an “outperform” rating and set a C$16.00 price objective on shares of Enerplus in a research report on Friday, November 10th. National Bank Financial upped their price objective on Enerplus from C$15.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Barclays upped their price objective on Enerplus from C$15.00 to C$16.00 in a research report on Monday, November 13th. Finally, Raymond James Financial upped their price objective on Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Seven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$17.22.

Shares of Enerplus (TSE:ERF) traded up C$0.22 during mid-day trading on Wednesday, reaching C$13.83. The company’s stock had a trading volume of 1,430,000 shares, compared to its average volume of 978,157. Enerplus has a fifty-two week low of C$8.97 and a fifty-two week high of C$13.92. The stock has a market capitalization of $3,350.00, a P/E ratio of 3.35 and a beta of 1.01.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its quarterly earnings data on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.01). Enerplus had a net margin of 8.23% and a return on equity of 4.05%.

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Enerplus Company Profile

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 (TSE:ERF)

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