Enerplus Corp (ERF) Insider Ian Charles Dundas Acquires 1,000 Shares of Stock
Enerplus Corp (TSE:ERF) (NYSE:ERF) insider Ian Charles Dundas purchased 1,000 shares of Enerplus stock in a transaction dated Thursday, September 6th. The stock was bought at an average cost of C$14.88 per share, with a total value of C$14,880.00.
TSE:ERF traded up C$0.45 during mid-day trading on Friday, reaching C$15.27. The stock had a trading volume of 1,612,945 shares, compared to its average volume of 1,072,586. Enerplus Corp has a fifty-two week low of C$10.55 and a fifty-two week high of C$18.04.
Enerplus (TSE:ERF) (NYSE:ERF) last released its quarterly earnings data on Friday, August 10th. The oil and natural gas company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.27). Enerplus had a return on equity of 3.85% and a net margin of 5.63%. The firm had revenue of C$236.43 million during the quarter, compared to analyst estimates of C$314.01 million.
A number of equities analysts recently commented on the company. Raymond James increased their price objective on Enerplus from C$23.50 to C$24.50 and gave the stock an “outperform” rating in a report on Monday, August 13th. CSFB increased their price objective on Enerplus from C$20.00 to C$23.00 in a report on Wednesday, July 11th. TD Securities increased their price objective on Enerplus from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, August 13th. BMO Capital Markets increased their price objective on Enerplus from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. Finally, National Bank Financial dropped their price objective on Enerplus from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday, August 13th. Six research analysts have rated the stock with a buy rating, Enerplus currently has an average rating of “Buy” and an average price target of C$20.46.
Enerplus Company Profile
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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