Analysts Set Enerplus Corp (ERF) PT at $15.77

Shares of Enerplus Corp (TSE:ERF) (NYSE:ERF) have been assigned a consensus rating of “Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$15.77.

A number of equities research analysts recently commented on ERF shares. Barclays boosted their target price on Enerplus from C$14.00 to C$15.00 in a research report on Monday, August 14th. TD Securities boosted their target price on Enerplus from C$13.00 to C$15.00 in a research report on Monday, August 14th. Raymond James Financial boosted their target price on Enerplus from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Monday, August 14th. National Bank Financial boosted their target price on Enerplus from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 target price on shares of Enerplus in a research report on Friday, November 10th.

In other Enerplus news, Director Glen Dawson Roane sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$12.19, for a total transaction of C$243,800.00.

Enerplus (ERF) traded down C$0.38 during trading hours on Friday, hitting C$11.38. The company had a trading volume of 649,479 shares, compared to its average volume of 1,125,881. Enerplus has a 12 month low of C$8.97 and a 12 month high of C$13.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. 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).

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