Enerplus (ERF) Price Target Raised to C$17.00 at Barclays

Enerplus (TSE:ERF) (NYSE:ERF) had its price target boosted by Barclays from C$16.00 to C$17.00 in a research note released on Wednesday morning.

A number of other analysts have also recently weighed in on ERF. BMO Capital Markets reaffirmed an outperform rating and issued a C$16.00 price objective on shares of Enerplus in a report on Friday, November 10th. National Bank Financial increased their price objective on shares of Enerplus from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Friday, November 10th. Raymond James Financial increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Friday, November 10th. Finally, TD Securities increased their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the stock a buy rating in a report on Friday, November 10th. Seven research analysts have rated the stock with a buy rating, Enerplus has a consensus rating of Buy and an average price target of C$17.22.

Enerplus (TSE:ERF) traded down C$0.34 during mid-day trading on Wednesday, hitting C$13.49. 2,445,883 shares of the company were exchanged, compared to its average volume of 1,158,573. Enerplus has a 1-year low of C$8.97 and a 1-year high of C$13.92. The firm has a market cap of $3,270.00, a PE ratio of 3.27 and a beta of 1.01.

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

The company also recently disclosed a jan 18 dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Enerplus’s dividend payout ratio (DPR) is presently 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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