Enerplus Corp (ERF) Rating Reiterated by TD Securities
Enerplus Corp (TSE:ERF)‘s stock had its “buy” rating restated by TD Securities in a report issued on Wednesday. They presently have a C$12.50 price target on the stock. TD Securities’ target price would indicate a potential upside of 27.81% from the stock’s previous close.
Several other analysts have also recently weighed in on ERF. Scotiabank boosted their price target on Enerplus Corp from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. Barclays PLC boosted their price target on Enerplus Corp from C$8.00 to C$10.00 in a report on Wednesday, June 22nd. Desjardins restated a “hold” rating and set a C$8.25 price target on shares of Enerplus Corp in a report on Wednesday, June 22nd. FirstEnergy Capital boosted their price target on Enerplus Corp from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Monday, August 8th. Finally, CIBC started coverage on Enerplus Corp in a report on Wednesday, June 15th. They issued an “outperform” rating and a C$10.50 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$10.13.
Enerplus Corp (TSE:ERF) opened at 9.78 on Wednesday. The company’s market cap is $2.35 billion. The stock has a 50 day moving average of $8.78 and a 200 day moving average of $7.62. Enerplus Corp has a 52 week low of $2.68 and a 52 week high of $10.06.
The firm also recently declared a oct 16 dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a $0.01 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 27th.
Enerplus Corp Company Profile
Enerplus Corporation is an energy producer. The Company’s capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania.
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