Enerplus Corp (TSE:ERF) (NYSE:ERF) shares hit a new 52-week high during mid-day trading on Tuesday after National Bank Financial raised their price target on the stock from C$15.00 to C$21.00. National Bank Financial currently has an outperform rating on the stock. Enerplus traded as high as C$13.03 and last traded at C$12.43, with a volume of 677845 shares. The stock had previously closed at C$12.39.

ERF has been the subject of several other research reports. TD Securities raised their target price 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. Raymond James Financial lifted their price objective on shares of Enerplus from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Friday, November 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price objective on shares of Enerplus in a report on Thursday, December 14th. Finally, Barclays lifted their price objective on shares of Enerplus from C$15.00 to C$16.00 in a report on Monday, November 13th. Seven research analysts have rated the stock with a buy rating, Enerplus has an average rating of “Buy” and a consensus price target of C$16.44.

The firm has a market capitalization of $3,140.00, a price-to-earnings ratio of 3.13 and a beta of 1.01.

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

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