Enerplus Corp (ERF) Receives Average Recommendation of “Buy” from Analysts

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

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

Shares of Enerplus Corp (TSE:ERF) traded down 1.82% on Friday, reaching $11.32. 2,051,131 shares of the company were exchanged. Enerplus Corp has a 12 month low of $7.43 and a 12 month high of $13.55. The stock has a market capitalization of $2.74 billion and a P/E ratio of 2.71. The stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $10.81.

The firm also recently disclosed a sep 17 dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.01 dividend. The ex-dividend date was Tuesday, August 29th. This represents a dividend yield of 1.12%.

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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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