National Bank Financial Raises Enerplus Corp (ERF) Price Target to C$15.00
Enerplus Corp (TSE:ERF) (NYSE:ERF) had its price target upped by National Bank Financial from C$14.00 to C$15.00 in a research note issued to investors on Friday. National Bank Financial currently has an outperform rating on the oil and natural gas company’s stock.
ERF has been the subject of a number of other reports. BMO Capital Markets reaffirmed an outperform rating and issued a C$16.00 price objective on shares of Enerplus Corp in a research note on Friday. TD Securities lifted their price objective on Enerplus Corp from C$13.00 to C$15.00 in a research note on Monday, August 14th. Raymond James Financial, Inc. lifted their price objective on Enerplus Corp from C$13.50 to C$14.25 and gave the company an outperform rating in a research note on Monday, August 14th. Finally, Barclays PLC lifted their price objective on Enerplus Corp from C$14.00 to C$15.00 in a research note on Monday, August 14th. Ten equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus target price of C$15.68.
Shares of Enerplus Corp (TSE ERF) opened at C$12.46 on Friday. Enerplus Corp has a one year low of C$8.50 and a one year high of C$13.55.
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The business also recently announced a nov 17 dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a yield of 1.12%. Enerplus Corp’s dividend payout ratio (DPR) is presently 2.91%.
In related news, Director Glen Dawson Roane sold 20,000 shares of Enerplus Corp stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total value of C$243,800.00.
Enerplus Corp 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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