Enerplus Corp (ERF) Given Consensus Rating of “Buy” by Brokerages

Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Seven 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$17.22.

A number of equities analysts have recently weighed in on ERF shares. Barclays upped their target price on Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 target price on shares of Enerplus in a report on Friday, November 10th. National Bank Financial upped their target price on Enerplus from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities increased their price objective on Enerplus from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Raymond James Financial increased their price objective on Enerplus from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Friday, November 10th.

Shares of Enerplus (TSE:ERF) traded up C$0.03 on Friday, hitting C$13.52. The stock had a trading volume of 773,200 shares, compared to its average volume of 1,131,048. The firm has a market cap of $3,270.00, a P/E ratio of 3.27 and a beta of 1.01. Enerplus has a one year low of C$8.97 and a one year high of C$13.92.

Enerplus (TSE:ERF) (NYSE:ERF) last issued its earnings results on Thursday, November 9th. The oil and natural gas company reported C$0.07 earnings per share 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%.

The company also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a yield of 0.000741289844329133%. Enerplus’s dividend payout ratio is currently 2.91%.

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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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